Sir Winston Churchill’s observation — ‘‘However beautiful the strategy, you should occasionally look at the results’’ — takes on fresh meaning when nearly seven in 10 directors voice the need to strengthen the strategic resiliency of their organizations.

A National Association of Corporate Directors survey noted that almost 70% of directors report that their company’s existing strategies will become completely irrelevant over the next five years. This issue of Board Perspectives highlights some of the important points outlined in the survey, including key takeaways.