Strategy Execution

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Description of Strategy Execution. Explanation.


Execution of StrategyDefinition Strategy Execution. Description.

Strategy implementation is the part of strategic management that deals with the managerial exercise of supervising the ongoing pursuit of strategy, making it work, improving the competence with which it is executed, and showing measurable progress in achieving the targeted results. According to some people, Strategy Execution is more important for the success of any firm than the actual strategic choices that are made.

Perhaps the traditional distinction between top level managers formulating the strategy and the lower levels implementing the strategy should be abandoned, and the key to good strategy execution is getting the executors to participate and think out of the box or out of their normal working mode.

Leading the drive for good strategy execution calls for several actions on part of the managers in charge:

  • Staying on top of what is happening, ferreting out issues, closely monitoring progress and learning what obstacles lies in the path of good execution.

  • Leading the development of stronger core competencies and competitive capabilities.

  • Putting constructive pressure on the organization to achieve good results and operating excellence.

  • Pushing corrective actions in order to improve strategy execution and achieve the targeted results.

  • Displaying ethical integrity and leading social responsibility initiatives.

In an HBR article (June 2008, p. 61-70), Gary L. Neilson, Karla L. Martin and Elizabeth Powers from Booz & Company report some interesting findings from a large scale internet assessment. The 4 inextricably linked things that turn out to matter most to successful strategy execution are:

  1. Make sure information flows where it needs to go (up, down and lateral)(54 out of 100 relative strength)

  2. Clarify decision rights (50 out of 100)

  3. Align motivators (incentives) (26 out of 100)

  4. Make changes to the organization structure (25 out of 100)

The authors recommend to start the strategy execution process with clarifying the decision rights and improving the information flow. Then the right organizational structures and motivators will tend to fall into place.

Special Interest Group - Strategy Execution

Special Interest Group (294 members)

Forum - Strategy Execution  

Here you will find interesting and educational discussions.

  3 Demands for an Effective Strategy (1 reactions)
According to Ruud Frambach and Edwin Nijssen there are th...
  Don't Ask what the Company Can do for You.. (1 reactions)
A variation on the theme "Don't ask what the country can do ...
Hot Strategy Implementation Tool: The Balanced Scorecard
The is a good tool for strategy communication, alignment, i...
  Strategy Execution Process (3 reactions)
A proper management system must be in place for strat...
  WHEN does a Strategy have to be Executed?
We talk a lot about procedures, methods etc. to create, chan...
  The Execution Premium (1 reactions)
Kaplan and Norton wrote an excellent book about strategy exe...
  The Secrets to Successful Strategy Execution
A brilliant strategy may put you on the competitive map. But...
  Company and Business Stress Test Self Assessment
The Strat/Assess System delivers a business stress te...
  Design and Change Execution with Strategy (2 reactions)
When strategies are designed, so must their complementary...

Best Practices - Strategy Execution

Here you will find the most valuable ideas.

  The Achilles Heel of Strategy (32 reactions)
The Achilles heel of strategic planning is poor or inept ...
  Strategy Implementation Barriers (Kaplan and Norton) (2 reactions)
According to Norton and Kaplan, following 4 barriers inte...
  Types of Strategy Implementation Tactics (3 reactions)
Nutt identified 4 distinct implementation tactics for imp...
  The 4 Cs to Support Strategy Implementation (4 reactions)
It is relatively more easy to define the strategy than imple...
  Strategy Execution: Shared Vision, Shared Values, Shared Victory (4 reactions)
Shared vision Shared values Shared victory Strategy is ju...
  3 Tasks to Successfully Execute a the Srategy (3 reactions)
Three tasks should be performed to accomplish successful ...
  Goldratt's Strategy and Tactic (S&T) Tree
Contributors have noted the importance of organizational and...

Expert Tips - Strategy Execution

Here you will find high-quality advice from experts.


5 Best Practices to Close the Strategy to Execution Gap

Strategy Execution, Strategy Focus, Organizational Commitment,...

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Organizational Agility, Strategic Agility, Real Options, Emergent Strategy...

Six Crucial Mind Shifts for Strategy Execution / Implementation

Change Management, Strategic Change, Resistance to CHange, Strategy Implementation...

How to Align Sales People with the Strategy

Strategy Execution, Employee Participation, Aligning Sales with Strategy, Strategic Alignment...

Resources - Strategy Execution

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The Strategic Role of Public Relations and Communication in Business

Public Relations, Strategic Management, Corporate Responsibility, Stakeholder Management, Stakeholder Analysis...

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Compare also: Change Management Iceberg  |  Appreciative Inquiry  |  Management By Objectives  |  Strategic Management

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