Strategic Planning is Different Than Strategy Execution
Most strategy execution tips for leaders are hard-earned and learned through trail and error. Is your carefully designed strategy working? If not, do you know why?
Even Good Strategies Fail
The reason your strategic plans are not working as you had hoped may not be your strategy per se, but instead it might be summed up in one word that is not on the chart above: execution. Let’s define strategy as a road map to success. There are many rationales why even well-conceived strategies do not deliver the desired results:
Basically, when strategy execution fails, there is a failure to carry out the strategic plans and follow through consistently across the organization.
The Success of Your Strategy Depends On Your Ability to Execute It
Here are six corporate strategy execution tips for leaders to get and stay on course:
So while strategic clarity is a must-have, do you have a plan to align the hearts and minds of your organization with a clear and believable strategic plan?
Culture, how work gets done, accounts for a whopping 40% of of the difference between high and low performing organizations. Is your corporate culture helping or hindering your strategy?
Your strategy should be simply stated and clear but, just as with any workable project plan, there should be enough actionable detail behind your strategic plan to guide teams forward. This is your opportunity to actively engage your teams. Ensure that everyone understands the purpose, the plan and gets to design their unique contribution to the plan in a way that is aligned.
Dialogue between employees, managers and executives should be often and open to encourage strategic commitment and accountability.
The Bottom Line
Strategy execution can make or break your growth plans. Align your culture with your strategy, include enough actionable specifics, align success metrics, monitor progress, and actively involve all key stakeholders.
To learn more about strategy execution tips for leaders, download 3 Guidelines to Help You Decide if You Should Facilitate Your Next Strategy Retreat
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