The traditional five to ten-year plans are now no longer relevant due to the electric pace of change. This has led to a new approach designed by Deloitte known as the Zoom Out/Zoom In approach. This system looks at two extreme ends rather than over a steady decade or half-decade period as traditional plans would. Zoom out here refers to building business practices ten to twenty years ahead of time. Zoom in meanwhile refers to a near term planning looking merely at the next six to twelve months. This will allow both flexibility as well as a lookout towards the broader corporate strategy. These practices can further be broken into an ABCD focus. These four stages defined in ABCD are- Envision, Focus, Define and Mobilize. There must be ample time to reflect upon the work done thus far and refine accordingly.

Source:https://www2.deloitte.com/insights/us/en/topics/strategy/alternative-approach-to-building-a-strategic-plan-businesses.html

Uploaded Date:26 September 2018