What have you learned from mistakes on the strategic planning?

Always learn from mistakes and turn them  into strength ...

Thanks for invite ... mistakes in simply view are an evaluation points , or indicators , we must take care about it , and we must included it at our planning

Mistakes happen in the assessment of, the market trends, the organization's strengths/ weaknesses, ability to timely arrange resources etc. Sometimes everything is perfect and a bad execution team would make it look like the biggest mistake of one's life. One definitely learns from the first scenario but in the second scenario, one is just helpless especially if the selection of the team is not in one's hands.

to make it flexibility plan and plan B

didn't trust in all idea am gathering it

Mistake #1:  Confusing strategy with other planning terms.

The first is the group not having a universal understanding of what strategy is and how it differs from other key planning terms such as mission, vision, goals, objectives and tactics. There’s a tremendous lack of precision when it comes to strategic planning and that starts with the fundamental building blocks.

Mistake #2:  Regurgitating last year’s plan.

The second is that most plans are simply a regurgitation of last year’s plan.  This is because managers don’t think before they plan.  I’m a big believer that new growth comes from new thinking.  If you don’t take time and tools to generate new insights, then don’t expect your group to perform any better than the year before, or the year before that.

Mistake #3:  Not linking the strategic plan to daily activities.

The third mistake is not linking the plan to people’s daily activities. Most plans sit in a binder on the shelf collecting dust all year.  If your strategic plan isn’t driving daily activities, then you’ve wasted time doing the plan.  Instead of planning next year, spend the time and money on a trip to the Caribbean.  At least the group will be in a good mood before the company goes bankrupt.  I recommend using a StrategyPrint, or two-page blueprint of the business, that captures the essence of the plan and is easily updated.

Why is it so important to train leaders on strategic thinking?

My research with 154 companies showed that only 30% of managers are strategic.  What this means for your organization is that 70% of managers are wasting time, wasting talent and wasting budget on unproductive, dead-end strategies.  The number one cause of bankruptcy is bad strategy.  So, if the majority of your managers aren’t thinking and acting strategically, there’s a good chance that your organization won’t exist, sooner rather than later.