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6 top challenges in strategy execution
Gartners Strategy in 2020 report highlights eight major shifts transforming businesses by 2020 including value-drivers, its role, and execution. With these changes come inevitable challenges. But what are the top six challenges in strategy execution that you need to overcome, to deliver your organisations value-driven strategic plan?1. Delivering value to the Business
Focus remains on developing a Value-Creation Plan with value-driven actions that offer positive outcomes to the Business and of projects doing the work required to ensure the strategy is achieved.
2. Transforming a strategic vision into reality
Some businesses are still struggling to see how to turn their beautiful strategy slide deck into something tangible that team leaders can deliver.
3. Translating the CEO’s ideas into real projects
Focus on how you translate the CEO’s ideas into a set of clear, understandable value-driven projects that make it real.
4. Turning a strategy slide deck into something that teams can deliver
It is vital to connect the tangible Value-Plan to the rest of the organisation.
5. Ensuring the right work is done to achieve the strategy
Your people need to be empowered to deliver the projects. Team members need the ability to focus on the work and projects that add value and contribute to the success of the Value-Plan.
6. Bridging the gap between strategy formulation and execution
One of the problems with an organisations strategy and its execution is the disconnect between the two. Linking strategy formulation and execution is a difficult one, but once it is in place, your teams can fly.
What Next?
Is your organisation's value-creation & strategy planning process as efficient as it could be?
The reality is that according to Harvard Business Review “Companies realize only 40-to-60 percent of their business strategies’ potential value”
Here at UNTAP by EXM we believe that execution excellence is the basis of value-creation for organisations and individuals. Are you ready to translate your Company's strategy into an executable ‘Value-Creation Plan'? Why not download our brochure today to learn more.
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