It is Not Easy to Execute a Winning Strategy
If you really want your company to make its way into the winner’s circle, you have to put together (and stick to) a plan to execute a winning strategy. It is not enough to just design a winning plan; you have to actually execute it and make your strategy work throughout the entire organization.
Strategy Execution is the Most Difficult Part
On an individual level, just think of all the New Year’s resolutions and diets that start with solid plans and good intentions but fail. Individual change is difficult enough. Organizational change, especially when it comes to strategy execution, is more complex and has more at stake for more people.
Four Experience-based Tips to Ensure You Fully Execute a Winning Strategy
After twenty plus years in the field of helping clients create strategic clarity and execute bold plans for success, we can offer four experience-based tips to help ensure you execute a winning strategy and follow through on your strategic plans:
#1. Ruthlessly Focus Your Strategy Only On the Most Important
Most of our clients can successfully implement two to three big strategic initiatives at a time. Unfortunately, too many leadership teams try to do too much too fast by setting up too many goals with too many work streams. And without clear choices, employees lose focus and struggle to make decisions based upon what really matters.
The lack of relevance and urgency can defeat the best intended strategic plans. If you want to fully implement your strategy, figure out what really matters and only define goals that are worth the effort. In essence, it must matter enough to gain full commitment.
#2. Ensure That Your Strategic Plan is “Just Possible”
Make sure that all key stakeholders believe that the strategy is possible enough in your marketplace and within your organizational culture. It should not be easy, and it should not be a pipedream. It should be a stretch that takes the best from all.
You will know you are on the right track when everyone agrees with the strategic direction you are heading in and believes your company has the right mindset and talent to see the plan through to fruition.
Understand what makes your situation unique. What differentiates you as a company? What assets and capabilities make you unique?
#3. Look Boldly Toward the Future
Give employees a crystal clear picture of what the new future looks like, why it is of benefit to all, the plan to get there and their specific part in the plan. And be wary of letting past failures or old ways of thinking limit you from achieving your goals. With the current Olympic Games as a great example of a high performance environment, think of those Olympic athletes who come back again and again, hopeful and triumphant.
Michael Phelps certainly faced downturns in his life. Somehow he redirected his energies on the next opportunity for Olympic greatness and now he’s the most decorated Olympian athlete of all time. He did not let his failures define him. He renegotiated his future and planned anew.
Do the same for your employees.
#4. Explicitly Identify and Remove Barriers
Some advocate sticking with encouragers and not wasting energy on naysayers. While it is true that people who don’t believe in the strategic vision can quickly hamper strategy execution, we recommend working with everyone to explicitly identify and proactively remove the top strategic barriers during the strategy execution phase.
The key is to keep the conversation, engagement and the momentum going forward.
The Bottom Line
If you want to fully execute a winning strategy, decide what matters, leverage your uniqueness, focus on the future and eliminate potential barriers. Then go for it!
If you want to learn if your strategy is clear enough to allow you to fully execute, download Our Strategic Clarity Whitepaper Now
How to Sell Value versus Price
7 Threats to a Positive Company Culture
LSA’s approach and ability to bring the best resources to eBay has been a great asset. They really focus on helping us succeed in any way they can and are very flexible in meeting our management and talent needs.
Learning & Development
LSA’s consultant designed and delivered a half-day team building solution for our recent conference. It included careful customization to integrate the design with our new mission and values. Everyone had fun and identified key issues with our teamwork. Altogether a great program!
Director of HR
“We turned to LSA to help us custom design and deliver a leadership and management development curriculum to help drive performance. They have done an excellent job diagnosing the business situation, designing an approach that fits our culture, and delivering a first class solution.”
VP Human Resources
The refreshing thing about LSA is that they focus on understanding our business situation and helping me succeed instead of selling a product. With over 150 experts, they are an invaluable resource that helps me deliver higher quality results faster. I recommend them to anyone looking to improve the performance of their workforce.
VP of Human Resources
In my years working with LSA, it seems like I’ve had a personal consultant at my fingertips to help me identify just the right solution to satisfy our needs. The entire LSA team has become a trusted friend of Actel — assuring we provide state-of-the-art learning to meet our complex, high-tech business and people needs.
Working with LSA Global has proven to be extremely valuable and worthwhile. LSA understands our business, has deep expertise in content areas, and tailors the programs to deliver great results. The facilitator was extremely knowledgeable about Working Globally with India and her energy and passion made the session interesting, fun, and enjoyable for all that attended. The participants walked away extremely pleased along with highly useful practices and tools. I would highly recommend LSA Global to any company that has partners or offices in India.
Human Resources Business Partner
I am very impressed with the quality of work and talent. LSA did a great job of listening to my needs and providing the exact management training program expertise I needed to get the job done.
Director, Business Planning & Analysis
Congratulations on your pro-activity in establishing this program and developing such an effective New Employee Orientation course.
President and Chief Executive Office
I had been working with LSA for many years with my prior company. Currently, I’m with a company who hadn’t done much basic management skills training. After identifying and presenting a program recently, our managers are excited and talking in the halls about the great experience. LSA saves us time in delivering the right training for our needs.
The Next Generation Management Development courses have helped me communicate more effectively with my peers and teammates. By utilizing effective communication techniques such as clarifying and confirming, and asking open ended questions, I have been able to clarify and understand information in situations where I would have otherwise asked limited questions and made false assumptions.
Firmware Engineering Manager
Avon’s success is dependent on strong relationships among our Customers, Representatives, Associates, and outside resources we hire to help us meet our business objectives. We were very pleased with the results from working with LSA Global to design and facilitate a custom program for our events management team. LSA demonstrated responsiveness, flexibility, and an innovative approach to working with us.
Senior Manager, HR Destiny Sales Region
We engaged LSA to design and deliver a 6-month custom executive coaching program for a group of our key leaders. The focus of the program was to help a core group of senior leaders to leverage previous investments in management training, to ensure the engagement and retention of key employees, and to push critical strategic initiatives forward. Even with the high expectations of our senior people, LSA has completely exceeded our expectations. I would recommend them to anyone looking to create and implement a custom coaching methodology using proven tools to drive true change.
Senior HR Manager - Staffing, Training, & Development
The Managing Virtual Teams program was extremely valuable. Your consultant/ facilitator’s fundamental knowledge of Synopsys as a company provided an incredible base to build upon while tackling the complications of managing and working with globally distributed teams. My team walked away walked away with highly useful practices and tools. It was an excellent use of our time.
Vice President, Information Technology
We have been able to utilize LSA’s extensive network of top-notch resources to leverage our investment in employee development. The result has been the cost effective and highly efficient delivery of quality educational and management training programs.
Vice President, Human Resources
Download key published insights and tools from industry experts highlighting best practices in the areas of talent, strategy and culture.
Want to know how you stack up against leading organizations? Receive a complimentary benchmarking analysis courtesy of an LSA Expert.
Get up to speed on timely solutions critical to your business. Published by LSA Experts based upon client feedback and key industry trends.
First we identify the key metrics you want to improve. Then we assemble a dedicated team of elite experts who have successfully solved similar problems with similar clients.
Stay up to do date with the latest information on how we help high growth companies align their culture and talent with strategy.
Real world consulting and training approaches from LSA projects, providing insights on how your company can outperform the competition.