To Avoid Strategy Execution Mistakes, Think Strategic Clarity
Strategy execution mistakes can be avoided and mitigated with strategic clarity, Our organizational alignment research found that strategic clarity account for 31%lly implemented. of the difference between high and low performing organizations in terms of:
A Strategy Can Only Succeed if it is Executed
You can spend all the time you like creating a clear strategy designed to improve and grow your business but, if you don’t execute against that plan, what good is it? Strategy execution mistakes happen because your strategy must go through your people and your culture to get fully implemented.
Some Frightening Data on Strategy Execution Mistakes
Here are some numbers that shock even those of us in the field of strategic clarity and execution.
Four Strategy Execution Mistakes to Avoid
Here are strategy execution mistakes to avoid based upon the four most common factors we find get in the way of effectively executing even the best of strategic plans:
1. Poor Strategy Communication
Many companies feel that simply by repeating their business strategy clearly and often, employees will get it. But repetition does not equal understanding or strategic clarity. Though your employees may say they understand where and how the company is headed, you should test them.
Ask employees to describe the strategy and how they and their team fit in using their own words. If you are like most of our clients, you may be surprised how few have translated your strategic intentions into the way they handle their jobs. It is not the number of times you communicate the strategy but the quality of those communications.
When it comes to strategic communication, our organizational alignment research found:
2. Overly Rigid Adherence To The Plan
Yes, it’s important to stick to your plan. However, there are times when flexibility is needed in order to adjust to new and changing market demands. Sometimes a detour gets you back on the right path faster than persevering through a washed-out and heavily rutted path.
No strategy can anticipate every future event. Companies need to adjust to the facts on the ground. Those who are best at strategy execution and strategic clarity know when to seize opportunities that support the plan at the same time as they coordinate with other parts of the organization.
When it comes to strategic agility, our organizational alignment research found:
Make sure your leaders are inspiring others to creatively translate problems into opportunities and asking people to challenge assumptions and look at things in new ways.
3. Lack of Accountability and Decision Making at All Levels
Ultimately the CEO is responsible for strategy execution; it is the CEO who often bears the brunt of business failure or reaps the rewards of business success. But the CEO cannot be solely responsible for driving the strategy forward. It is the decisions made at all levels throughout the organization that will, in the final analysis, determine if the strategy is properly executed.
In terms of decision making, our organizational alignment research found:
Top-down implementation can have a positive effect initially but an organization’s capacity to adjust to changing circumstances can be diminished over the long-term. Too much oversight from top leaders can deteriorate into micromanagement and suppress the agility and cross-functional coordination needed for success.
4. Over-reliance On Unrealistic Targets
Effective performance measurement is the heart of a high performance culture. But make sure you are measuring the right activities, outcomes and behaviors in the right way. We have seen some organizations pay too much attention, for instance, to making the numbers – e.g. Wells Fargo’s sales scandal driven by impossible sales quotas.
If outcomes are all employees are rewarded for, they will tend to:
They may “make their numbers” but in a downward spiral of productivity and potentially toxic behavior that discourages growth and innovation. Think of balancing performance measurement between:
to create the healthy and aligned culture to execute your strategic priorities.
The Bottom Line
To avoid strategy execution mistakes and to be among the 10% of companies that consistently implement their plans across the organization, communicate, adapt, create accountability and ensure clear metrics for success.
To learn more about how to avoid strategy execution mistakes, download 3 Big Mistakes to Avoid When Cascading Your Corporate Strategy
How Managers Can Make Better Decisions
How to Grow Existing Accounts Faster
How to Learn New Skills Faster
Over the years, both at 3Com and now at Redback, I’ve found LSA Global to be a valuable resource. The recent compliance program that they delivered for Redback’s executive and management team was the right solution, of the highest of quality, and customized to our business and culture. I would highly recommend LSA to any company looking for top quality solutions.
Vice President 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.
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
Our company engaged LSA to do a specialized “train the trainer” program, and the consultant’s performance outdid our exceptionally high standards for such a program. Very crucial to the success of this program was the work done upfront to discuss our needs and to interview key members of our organization so that the program specifically met our goals. Our facilitators continue to comment on the success of the program. Thanks also for the follow-up.
Chief Financial Officer
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
LSA helped to meet the needs of my teams within a very narrow timeframe. My team walked away with highly useful management tools and practices. LSA saved us time in delivering the right solution for our specific needs.
Director, Software Engineering, EPG
LSA provided top notch solutions right when and how we needed them. They exceeded my expectations from a speed, quality, and cost standpoint. I recommend them to anyone looking for a true business partner in the Learning and Development arena. The breadth and depth of their expertise has helped us hit tight deadlines across multiple projects.
Fortune 500 Financial Services Company
Director of Infrastructure & Technology
We consider LSA Global our outsourced learning and development partner. We worked closely with LSA to customize a management development program to meet our growing business needs. I would highly recommend LSA to any company wanting to deliver quality learning solutions.
Vice President Human Resources
LSA helped us design and deliver a blended learning solution for our leaders to help drive our growth plans in a way that aligned with our specific culture and values. LSA understood our business, had deep expertise in the content areas, tailored the programs to fit our specific needs, and delivered great results. They constantly strive to deliver business impact and align their solutions with our business initiates, culture, and performance management systems. I highly recommend them to anyone looking to take their leaders to the next level.”
Beth A. Taylor
Vice President of Human Resources
On behalf of Roche and my staff I would like to sincerely thank you for your help with this. The English as a Second Language (ESL) assessment and coaching that you provided for our team was a great success.
I highly recommend LSA Global to anyone who is looking to improve individual or organizational effectiveness through their top quality programs and broad range of expertise.
VP of Human Resources
We value our relationship with LSA Global. We came to LSA because we wanted to improve overall behavioral based interviewing capabilities of our managers to increase the probability of both hiring top talent and future leaders. LSA designed a highly customized solution for our business and culture. We are currently rolling out this solution to our leaders. I would highly recommend LSA Global as a top quality resource.
HR Project Manager - Training & Development, PHR
I have worked with other training companies and found it to be more of a seller/buyer relationship than one of matching the right expertise to our business issues. That’s what LSA does – ask the hard questions, listen, and understand our business needs. We receive the benefit of their expertise from assistance with personal development plans to enhancing team performance, to looking at enterprise-wide challenges. It’s all about helping our business succeed as we grow. Right now, LSA is providing great ideas, a fresh approach, and valuable guidance as we develop our management team and accelerate our client relationship management results.
Director, Team 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
What a personal and professional pleasure it has been to Partner with LSA. They are truly a strategic partner with Wyse. For more than 5 years, LSA has been engaged in delivering various training and development solutions for Wyse, from custom on-site programs targeting specific core competencies, to working individually with clients to build job skills, and offering invaluable services to me and my team as we continue to build our learning programs. LSA’s representatives do more than sell a product, they offer a full service solution: they understand our business, our strategic initiatives, and the needs of our customers.
Director of HR
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.