A great question here; 'Can large companies be successful with less process and more delegated strategic thinking?'

Strategic development and strategic planning are very different. The horizons are vastly different, and the level of thinking is more constrained with development. The advantage of formal strategic planning is enormous - often the best ideas are ones you've discounted or not even thought of.

Are you undertaking strategic development? strategic planning? opportunistic strategic decision making? What level is the strategic thinking in your organisation? An understanding of these questions will help you to define the best way forward for your business.