Corporations are in love with the idea of the strategic plan. They need to pay to figure out where they are going. Yet there is no evidence that stra… - Nassim Nicholas Taleb

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Corporations are in love with the idea of the strategic plan. They need to pay to figure out where they are going. Yet there is no evidence that strategic planning works — we even seem to have evidence against it. A management scholar, William Starbuck, has published a few papers debunking the effectiveness of planning — it makes the corporation option-blind, as it gets locked into a non-opportunistic course of action.