Art of Managing—Beware the Lure of Strategy in a Box Approaches

Strategy is one of those difficult topics that dog most management teams and most firms. The real work of strategy is challenging, time consuming and filled with hard-to-answer questions. Given the challenges of managing an effective, on-going strategy process, it’s no surprise “Strategy in a Box” approaches are often adopted by management teams looking to add a check mark to the strategy task on their annual goals. Here are some key reasons why there are no shortcuts when it comes to strategy: