Friday, December 17, 2010
The 30-30 Rule
Dartmouth professor Vijay Govindarajan has what he calls the "30-30 Rule" for strategic planning - - 30% of the people who make strategic decisions should be 30-years old or younger. He makes a strong argument that organizations need voices in the room that aren't vested in the past. Govindarajan likes thinking of strategic planning as a series of boxes. Box One is everything a company does to manage and improve performance. This is not strategic planning. Box Two is selectively forgetting the past - - avoiding fighting competitors and following trends that are no longer relevant. This constitutes some portion of strategic planning. Box Three is creating the future that will exist in 2010 - - the one the 30-30 crowd will have the greatest insight, interest, and stake in. This is the bulk of strategic planning.
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Management
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