Great post, Mike! As a former naval officer, I appreciate your examples. And, the lack of strategy isn't limited to those of us with smaller businesses. I see it every day doing corporate consulting.

A good book that covers this area in a somewhat different manner is "Good to Great" by Collins. It documents the differences between 30 or so established companies (i.e. Ford, Gillette, GM, etc.) and details the reasons why some became "great" and some didn't.

Interesting reading and has principles applicable to all sizes of businesses.

Thanks again,

Bob