The strategic imperative is dead! Long live the strategic imperative!
Companies are finding that their best-laid plans have been overtaken by an onslaught of dramatic macroeconomic disruptions. From supply chain problems and the rippling effects of climate change, pandemics, and war, to higher commodity, energy, and labor costs and an emerging recession – most business leaders have never experienced a time as uncertain as this one.
They have a lot to consider. The strategic imperatives or long-term plans that many companies have carefully put in place just a year ago (or less) may now be obsolete or steer the companies in the wrong direction.
But there is opportunity amid the dizzying pace of change. Right now, savvy businesses are not only developing new strategies; they are fundamentally changing their planning processes —…