What makes a strategic plan strategic?
X: We need a strategic plan.
Me: Why do you need one of those?
X: Everybody needs a strategic plan.
Me: Okay. That didn’t work. Let me try it another way. What makes a plan strategic?
X: You start with a strategy and you create a plan to make it happen over the next three years.
Me: So, you plan out the next three years?
X: Yes. Or four.
Me: Doesn’t the plan assume you know how the Universe will behave over the next three years?
X: We know our market, we know our customers, we know our technology, and we make a three-year plan.
Me: And what if something changes, like COVID, tariffs, or a new competitor brings to market something that obsoletes your best product?
X: You can’t plan for that.
Me: Exactly.
X: You’re talking in circles! What do you mean?
Me: If your three-year plan can’t plan for unplanned things, what kind of plan is that?
X: I told you. It’s a strategic plan.
Me: Hmm. Let me try that again. What happens when something unexpected arises and your plan needs to change?
X: It’s a strategic plan. Those don’t change.
Me: Arrg. Do you mean the plan should change, but you don’t make the change? Or strategic plans never change?
X: Strategic plans don’t change because they’re strategic. We put a lot of time into creating them.
Me: They don’t change because they take a lot of time and effort to create?
X: Well, yes. We have long planning meetings, and our best people spend a lot of time creating it.
Me: Do you think the Universe cares how long it took you to create your plan?
X: There you go again with the Universe thing.
Me: What I mean by that is there are many factors outside your control. It’s a big world out there. And you can’t plan for everything.
X: What do you mean? We put everything in the strategic plan.
Me: That’s not the type of everything I’m talking about. I’m talking about things outside your control that you cannot possibly know.
X: Are you saying we don’t know what we’re doing?
Me: No, I’m saying you know everything you’re going to do over the next three years. And that’s the problem.
X: You are frustrating. First you tell me it’s impossible to plan for everything, then you tell me we have a problem because we plan for everything. What’s wrong with you?
Me: That’s the right question. There’s a lot wrong with me. I have a good idea that turns out to be wrong, so I change my plan. I think I understand what’s going on, but I learn that I’m wrong, so I change my plan. I have a plan, but something unexpected happens and turns my plan from good to wrong, so I change it, even if the plan is strategic, whatever that means.
Image credit — Geoff Henson