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In challenging times, more than ever, management’s ability to execute is a key differentiator.
Strategy is an integrated set of choices that positions an organisation to gain competitive advantage and realise superior returns over time. Research evidence indicates organisations realise less than 50% of the financial performance their strategy promises (Harvard Business Review).
Strategy Execution is a discipline of follow through on plans and actions from leaders through to every individual in the organisation to make strategy happen, by driving accountability to strive continuously to close the performance gaps.
"Organisations don't execute unless the right people, individually and collectively, focus on the right details at the right time"
- Larry Bossidy & Ram Charan
Poor execution is primarily due to the following:
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Focus: lack of leadership consensus and accountability on what is required to implement the strategy
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Awareness: poor or limited understanding of the strategy, and its implications
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Alignment: ineffective alignment of operational, technology, budgeting, people and resource allocation processes to the strategy
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People: failure to motivate or mobilise the organisation for required changes, and the misalignment of individuals objectives to the required strategic outcomes
Organisations that have a systematic formal Strategy Management process in place are dramatically outperforming those that do not.
Getting the strategy management process right - from developing the strategy to clarifying the performance gaps, and defining the new governance framework - is crucial for the long term success and sustainability of the organisation.
"In the time of crisis, more than ever you need a plan. Over-communicate where you are going, how you are getting there, and fight like hell to get your people on the same page" - Jack Welch, Sept 2008
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BSC Strategy Management brings unparallel expertise in Strategy Execution
We work with clients to develop and implement effective Strategy Execution systems for their organisations.
Our goal is to identify, refine, and manage the relevant execution levers to deliver relevant and sustainable solutions.
Read more about us;
Contact us to discover how we can help you and your organisation
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