How to Move from Strategy to Execution
Most companies are not great at executing complex goals. Many leaders think their strategy is good but complain that implementation is the problem. One study showed that three out of five companies rate their organisation as weak on strategy execution.
This is because of a general lack of understanding of the various factors at play.
Three steps can build the right execution system.
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It's vital to have a strategy that can and should be executed. A well-executed strategy will match your aspirations and your capabilities.
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Once you select the right level of ambition and understand the key capabilities required to achieve it, you can align your organization towards the key challenges for executing it.
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The key custodians of the execution become the managers. The approach combines management hierarchy with two key conditions to allow for the successful adaptation of strategy.
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