Competence based training for small firms - An expensive failure

This article addresses the issue of how to develop and implement strategies for organizations which are in a turbulent environment. ln this situation strategic leadership is about managing radical change to achieve a dramatic improvement in performance, and business strategy is the simple business logic which management use to explain to shareholders and other stakeholders how they see the environment changing and how their organization will survive and grow. For companies which are experiencing rapid change, traditional approaches to corporate planning are too bureaucratic. They need to be supplemented with new approaches which enable management to take charge of strategy and to develop strategies for implementation.