Mapping Out Strategic Execution: Part 2 of “Why We Fail at Strategic Implementation“
In the first segment of this article, we explored some common causes of plan execution failure. The issues addressed in that article are all avoidable if execution is planned and managed properly. Much of the success or failure of strategic implementation is determined during the planning process. The issues not dealt with during the planning process can be systematically handled during tactical execution. This article delves into a six step road map for strategic execution and provides techniques and strategies to mitigate problems in execution and avoid implementation issues with our strategic plans.
Strategy Execution: Why We Fail At Strategic Implementation
Why do so many organizations fail at strategic implementation? The quality of an organization’s strategic plan is not the primary determinant of success in goal achievement. No, the primary factor is that success hinges on execution. This article is part 1 of a two part series and examines some of the most common root causes of organizations and their leaders to miss the mark on strategic implementation. In part 2 of the series we map out an approach for successful strategic execution.
Enterprise Myopia: Is Customer Value Being Overlooked?
Is your organization’s strategy overlooking the most important stakeholder – your customers? With some simple but elegant changes to the strategic planning process, businesses can avoid committing this cardinal sin. By refocusing business strategy on value creation for the end-customers, organizations can avoid business myopia and blind spots that mask the slow erosion of competitive advantage they may have enjoyed in the past. This article addresses the key challenge of keeping the customer in mind when setting strategic and operational goals and offers concrete approaches to accomplishing customer-centric planning from the business and technology leader’s perspective.
