February 1, 2014

Stress Test of Strategy

McKinsey Provides the following ten questions as stress test of your strategy. It is a test of the output of your strategy process.

Test 1: Will your strategy beat the market?
Test 2: Does your strategy tap a true source of advantage?
Test 3: Is your strategy granular about where to compete?
Test 4: Does your strategy put you ahead of trends?
Test 5: Does your strategy rest on privileged insights?
Test 6: Does your strategy embrace uncertainty?
Test 7: Does your strategy balance commitment and flexibility?
Test 8: Is your strategy contaminated by bias?
Test 9: Is there conviction to act on your strategy?
Test 10: Have you translated your strategy into an action plan?

All the ten questions are given an explanation and additional reading from McKinsey quarterly is indicated in the article Have you tested your strategy lately?

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