How do you know if a strategy is worth pursuing?
How do you know if a strategy is worth pursuing? April 2, 2025 | Competitiveness, Continuous Improvement, Market Opportunities, Question a Day, Risk Management, Strategy, Vision Question a Day How to Know if a Strategy is Worth Pursuing: A Comprehensive Guide In the business world, success often hinges on the strategies you choose to pursue. A brilliant strategy can propel your organization to new heights, while a poorly chosen one can waste time, money, and momentum. But how do you know if a strategy is worth pursuing? That’s where careful evaluation comes into play. This guide provides actionable steps, real-world examples, and proven frameworks to help you decide whether to commit to a strategy—or gracefully abandon it. What Makes a Strategy Worth Pursuing? At its core, a great strategy aligns with your goals, is grounded in data, and demonstrates a realistic chance of success. Think of evaluating a strategy as packing for a long journey. You want to ensure you have the essenti...
