Issue 177 - 01 | 5 Things We Think We Know about Strategy—and Why We’re WrongBy Edward Morrison, Scott Hutcheson, Elizabeth Nilsen, Janyce Fadden, Nancy Franklin
Published June 12, 2019 12:00 p.m.
Don’t believe us? That’s the finding of the consulting firm McKinsey, which posits that up to 70 percent of strategic plans fail.
The venerable institution of strategic planning is long overdue for at least a major overhaul, if not outright replacement.”
About Edward Morrison, Scott Hutcheson, Elizabeth Nilsen, Janyce Fadden, Nancy Franklin |
Edward Morrison is the original developer of Strategic Doing and founder of the Purdue Agile Strategy Lab, which emphasizes the strategic value of collaboration, open innovation, and network-based models in today’s global economy.
Scott Hutcheson is Associate Director of the Purdue Agile Strategy Lab, and has been engaged by nearly 400 industry, public sector, higher education, and nonprofit clients.
Elizabeth Nilsen is Senior Program Director of the Purdue Agile Strategy Lab. With a background in nonprofit management and higher education, she guides the expansion of the Lab’s programming and partnerships.
Janyce Fadden is Director of Strategic Engagement for the College of Business at the University of North Alabama. She has held leadership positions at Honeywell, General Signal, and Danaher Corporation.
Nancy Franklin is Principal of Franklin Solutions, working with leaders to facilitate strategic initiatives. Nancy has led partnerships at Penn State, Virginia Tech, Indiana State, and IBM/ROLM.