Your Strategy Needs a Strategy

APPENDIX A

Self-Assessment

What Is Your Approach to Strategy?

This short self-assessment is designed to assess the fit between your environment, your intended approach to strategy, and your strategic practices.

Your Current Strategizing Practices

Please select one statement that best describes your current strategizing practices.

A. We set a clear goal and plans, which do not change frequently, and we execute to achieve them.

B. We strive to realize an imagined end state, and we react flexibly to obstacles that we encounter along the way.

C. We identify opportunities to reduce costs and preserve capital, guided by detailed plans, so that we can eventually identify a new path to growth.

D. We constantly scan the environment for signals of change, ...