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For Boards and their ‘Accidental Sponsors’

[document] Submitted on 25 September, 2019 - 11:39
Keywords For Boards and their ‘Accidental Sponsors’ implement strategy value through projects
Standards groups

Does Strategy matter?
• For small businesses ineffective strategy contributes to the problem of 50% surviving no
longer than 5 years and 64% surviving less than 10 years (Watson and Everett, 1996).
• Poor strategy in large businesses results in underperformance. In a five year study of underperforming
US organisations (Booz Allen Hamilton, 2004)
– 60% of the value destroyed was due to strategic errors
– 27% to operational errors
– 13% to compliance problems.
• In the public sector, strategy is a confused concept (Stewart, 2004) and we often talk about
policy instead.
– A study of the State of Victoria in Australia, normally considered an exemplar, found $100B had been
invested into projects over a 10 year period without any evidence any high level policy goals had
improved (Young et al., 2012).
– A follow up study in the State of NSW also in Australia suggested that more generally, only one in five
policy goals are positively impacted (Young and Grant, 2015).

Metadata
Date published
2019-08-22
Document type
conference paper
Pages
16
Replaced/Superseded by document(s)
Cancelled by
Amended by
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