A recent survey of 200 FTSE 100 companies, 80% of directors said they had the right strategies in place, only 14% thought the strategies were being implementing well. In a recent McKinsey & Company study, virtually all director said they think they have the right strategic vision but only a third are achieving the expected results. And more than half (55%) of executives believe that their companies aren’t focused on strategic execution.
So why do so many organizations fail to successfully execute their carefully planned innovations and strategies? There are many reasons, including a lack of accurate and timely information available to decision makers, the inability to measure the progress of strategic initiatives, the unwillingness to empower people to properly execute strategy, and a lack of flexibility on the part of those who are most responsible for strategic execution.
Easy to read … hard to do….needs skills that can be developed…successful leaders who are able to execute strategies successfully …do this
Share responsibility… and Decision
The right information to the right people at the right time
Measure & Alter…..Do not stick to the plan