Executing Business Strategy
Organizations often face tremendous setbacks in their strategy implementation and consequently failing to achieve desired results. Surveys show that employees at 3 out of 5 companies rated their organization weak at execution and that firms achieve only 63% of the expected results of their strategic plans.
Key factors for successful business strategy execution involve systematic & well-facilitated strategic planning where the views of relevant personnel are taken into account. Clear communication of business strategies at all levels via various relevant channels is also critical in paving the way for successful strategy execution. As prelude to strategy execution, the organization also has an opportunity for team development incorporating change & transition management to prepare the ground for changes & challenges ahead.
Click on the links below to find out more on each element that constitutes successful strategy execution.
- Lack of ownership & buy-in
- Resisting change
- Unclear communication
- Systematic & disciplinary work through