Is your approach to strategy to apply one big idea that you’ve been developing for some time, or do you consider many ideas – or a combination of ideas – that you think may be relevant? If you’re the former, according to Isiah Berlin – the British social and political theorist, philosopher, and historian of ideas – you’re a hedgehog. …
Do You Have a Strategy or a Plan – And What’s the Difference?
The words strategy and plan are often used interchangeably. People talk about their ‘plan’ or ‘strategy’ as if they were the same thing and some, in an attempt to make their plan more important, call it a ‘strategic plan’. The reality is that a plan and strategy have very different meanings: they are based upon different decision criteria and contain …