The death of strategy is greatly exaggerated

Strategy everywhere these days seems to be to adapt, to innovate and to make just-in-time decisions.  Too often this focus on flexibility is just an excuse for not making tough choices.  HBR writes this up nicely in their blog, “There’s no Excuse for Avoiding Strategy”

I’ve seen this countless times in portfolio management, with the problem of too many projects and not enough resources.  The root cause of the problem is lack of strategy: nobody has really chosen what to do, and more importantly, what NOT to do.  The inevitable result is a crowded portfolio of important initiatives competing for attention.

You might enjoy these SmartOrg blogs on this topic:

First, clean your closet.

Half your projects probably shouldn’t be done.

Making good choices is more important now than ever!