The Goal:
Learn to manage the major obstacles for effective strategic planning and execution
The Tool:
As Difficult as Strategy Formulation is, the Successful Implementation of Execution of Strategy is Even More Difficult and Problematical. Overcome this challenge and make of implementation, an Overlooked Key to Competitive Advantage. It’s mandatory to manage the major obstacles to effective execution:
- Poor Strategy/Planning.
- Dysfunctional Separation of Planning and Doing.
- The Time and People Factor.
- Poor Coordination and Unclear Responsibility/Accountability.
- Inappropriate Incentives and Ineffective Controls.
- Lack of Top Management Involvement.
- Lack of a Systematic Approach to Execution (An Effective Design)
You also need to work in the building:
- A Sound Strategy
- A Structure That Aligns With and Supports the Strategy
- Measurable Short-Term Objectives or Metrics Derived from Long-Term, Strategic Needs
- Clearly Defined Responsibilities and Emphasis on Accountability
- Clear Definition of Interdependencies and Requisite Coordination Methods
- Effective Incentives and Focus on Communication and Change Management
- Leadership and Culture that is Execution-Supportive
