New Initiatives and Strategies Can Be Exhilarating
When we facilitate strategy retreats, energy is typically high, executives are focused, and the possibilities are exciting. Yet, moving from the boardroom to the reality of strategy execution is tricky. The challenge is how to translate goals into actions.
Once a leadership team gets aligned on a clear strategic direction, the real challenge is deciding on and collectively implementing meaningful and visible next steps. Without execution, strategies lack impact. IBM found, sadly, that less than one in ten of even well-formulated strategies are successfully executed.
Strategy Implementation Is Where the Rubber Meets the Road
The Bottom Line
Strategy is nothing without strategy execution. Are you doing all you can to successfully translate strategic goals into meaningful actions? Achieving strategic goals requires clarity, alignment, capability, accountability, and a mindset shift.
To learn more about how to translate goals into actions, download 3 Big Mistakes to Avoid When Cascading Your Corporate Strategy
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