Strategy Execution

Knowledge Center





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 (288 members)


Forum - Strategy Execution  

Discussions about Strategy Execution.


  The Achilles Heel of Strategy
The Achilles heel of strategic planning is poor or inept "implementation" of agreed and committed to action plans associ (...)
 
 
 
 
  Strategy Implementation Barriers (Kaplan and Norton)
According to Norton and Kaplan, following 4 barriers interfere in implementing a strategy (Norton & Kaplan, 1996): 1. T (...)
 
 
 
 
  Strategy Execution: Shared Vision, Shared Values, Shared Victory
Shared vision Shared values Shared victory Strategy is just an implementation process which can be of any form or sha (...)
 
 
 
 
  3 Demands for an Effective Strategy
According to Ruud Frambach and Edwin Nijssen there are three demands that must be met for a strategy to be effective: 1 (...)
 
 
 
 
  Don't Ask what the Company Can do for You..
A variation on the theme "Don't ask what the country can do for you, ask what you can do for your country". Implementin (...)
 
 
 
 
Hot Strategy Implementation Tool: The Balanced Scorecard
The is a good tool for strategy communication, alignment, implementation and monitoring. Depending on the . A properly (...)
 
 
 
 
  Strategy Execution Process
A proper management system must be in place for strategy execution. Most importantly strategy formulation is carried out (...)
 
 
 
 
  WHEN does a Strategy have to be Executed?
We talk a lot about procedures, methods etc. to create, change or adjust any strategy but do you have any idea about "WH (...)
 
 
 
 
  The Execution Premium
Kaplan and Norton wrote an excellent book about strategy execution called "". (...)
 
 
 
 
  The Secrets to Successful Strategy Execution
A brilliant strategy may put you on the competitive map. But only solid execution keeps you there. Unfortunately, most c (...)
 
 
 
 
  Company and Business Stress Test Self Assessment
The Strat/Assess System delivers a business stress test addresses the points of success and failure with a unique metric (...)
 
 
 
 
  Design and Change Execution with Strategy
When strategies are designed, so must their complementary execution fabrics - together. And when strategies adjust to c (...)
 
 
 
 

Best Practices - Strategy Execution

Here you find the most valuable discussions from the past.


  Types of Strategy Implementation Tactics
Nutt identified 4 distinct implementation tactics for implementing a strategy in an organization: 1. INTERVENTION IMPLE (...)
 
 
 
 
  The 4 Cs to Support Strategy Implementation
It is relatively more easy to define the strategy than implemented. Top management can support the strategy execution pr (...)
 
 
 
 
  3 Tasks to Successfully Execute a the Srategy
Three tasks should be performed to accomplish successful execution of the strategy: 1. Define what to do by whom by whe (...)
 
 
 
 
  Goldratt's Strategy and Tactic (S&T) Tree
Contributors have noted the importance of organizational and individual participation, engagement, contribution, buy-in, (...)
 
 
 
 

Expert Tips - Strategy Execution

Here you will find advices by experts.


 

5 Best Practices to Close the Strategy to Execution Gap

Strategy Execution, Strategy Focus, Organizational Commitment, (...)
 
 
 

How to Become a Self-tuning Enterprise: Advanced Experimenters

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

Here you find powerpoint presentations, micro-learning videos and further information sources.


The Strategic Role of Public Relations and Communication in Business

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

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

Special Interest Group Leader

You here? Sign up for free


 
 

Return to Management Hub: Change & Organization  |  Communication & Skills  |  Leadership  |  Program & Project Management  |  Strategy


More on Management  |  Return to Management Dictionary  | 

 

This ends our Strategy Execution summary and forum.



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2019 12manage - The Executive Fast Track. V15.2 - Last updated: 15-12-2019. All names of their owners.