Learn how transformational leaders implement strategies that deliver results. Read On!
Strategy execution is the implementation of a business strategy to achieve an organization's goals. The objective of strategy execution is to use people, processes, and technology to achieve organizational goals. An integral component of this is a clear understanding and communication of these goals to employees. The success of implementation depends on the decisions organizational leaders take.
A strategy, if not executed properly, will be rendered useless. While a good strategy, product, and technology may promise an organization competitive advantage, only a solid execution will guarantee its realization.
The successful implementation of a strategic plan is essential for any organization and can be hindered by various challenges. One of the most common reasons why companies struggle to achieve their goals is due to the lack of synchronization between strategic planning and execution.
Do you struggle with day-to-day execution of strategy?
If so:
- Are you committed to building implementation capability?
- Is there collaboration between your strategy designers and Deliverers?
- How flexible is your delivery capability?
A successful strategy execution is a challenge in itself. CIOs rely on a set of tacit assumptions on how to get things done when they try to execute their strategy. Unfortunately, many of these assumptions are inadequate at best and risky at worst. Despite its importance, execution remains poorly understood. In addition, there is limited literature and information available on how to translate strategy into effective execution. As a result CIOs tend to focus on tools such as balanced scorecard, or MBO to manage risk and drive strategy execution without understanding the fundamentals and how they interact with each other.
This e-Book provides practical insights, garnered from thought leaders, on how to envision and execute an organization’s strategic plan. The core thesis is that in order for an organization to survive and remain relevant in the future, a focus on transformation is imperative because a failure to do so would result in the wastage of capital and resources, inability to execute the strategy, failing projects, and dissatisfied employees.
The e-Book discusses the transformation organizations must go through in order to gain this focus, the characteristics of these focused organizations and the benefits they reap. It presents an integrated model of the elements required to achieve execution excellence and examines best practices of actions executives can take to reduce the risk of catastrophic failures in their organizations.
The ability to see beyond the status quo and execute on a plan are essential skills for leaders. However, it is not always easy to do this as there are many challenges associated with strategy execution. CIOs will learn how to overcome these challenges to create a truly transformational organization.
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