I had the opportunity to spend some time with Peter Drucker in 1985 not long after his book Managing in Turbulent Times was issued. His wisdom will, I am sure, endure!
It was his view that strategic planning must be dynamic: “…every endeavor undertaken by a company (or organization) should be put on trial for its life every two or three years.”
His test was then a simple question: “If we were not in this already, would we now go into it?”
If the answer to that question is “no” ask the second question: “How do we get out and how fast?”
He was great at zeroing in on the vital issues which face business and government