Review of Strategy

You must keep the strategy under constant review, as part of the continuous task of monitoring organisational performance. You should consider:

• Is our 'vision' for the organisation still valid? Does our view of the desired future for the organisation match the pressures on us, the way our business is developing, and the changes that have taken place – and are likely to take place – in our business environment?
• Are the themes of our strategy still appropriate? Do we need to consider additional themes which should be added to the agenda for change, because of changed business circumstances, new technologies, pressures from the environment or changes in corporate capabilities? Are any of our strategic themes no longer relevant to the organisational agenda for change?
• What progress are we making in our strategic themes, and do we need to re-prioritize or replan to ensure that the rate of change meets our business requirements?

You must keep all these levels of strategy and planning under constant review:

• The strategic 'vision'.
• The route chosen towards the vision (the 'themes' of the strategy).
• The detailed plans for implementation.