Strategy Execution

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Description of Strategy Execution. Explanation.

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Execution of StrategyDefinition Strategy Execution. Description.


Some people believe that Strategy Execution is more important for the success of any firm than the actual strategic choices that are made. Strategy implementation 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.


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.


Strategy Execution Forum
  Strategy Implementation Tool: The Balanced Scorecard
The Balan...
     
 
  Types of Strategy Implementation Tactics
Nutt identified 4 distinct implementation tacti...
     
 
  WHEN does a Strategy have to be Executed?
We talk a lot about procedures, methods etc. to cr...
     
 
  3 Demands for an Effective Strategy
According to Ruud Frambach and Edwin Nijssen there...
     
 
  Strategy Execution: Shared Vision, Shared Values, Shared Victory
Shared vision
Shared values
Shared victo...
     
 
  Don't Ask what the Company Can do for You..
A variation on the theme "Don't ask what the count...
     
 
  3 Tasks to Successfully Execute a the Srategy
Three tasks should be performed to accomplish s...
     
 
  Goldratt's Strategy and Tactic (S&T) Tree
Contributors have noted the importance of organiza...
     
 
  Strategy Implementation Barriers (Kaplan and Norton)
According to Norton and Kaplan, following 4 bar...
     
 
  The 4 Cs to Support Strategy Implementation
It is relatively more easy to define the strategy ...
     
 
  The Secrets to Successful Strategy Execution
A brilliant strategy may put you on the competitiv...
     
 
  Design and Change Execution with Strategy
When strategies are designed, so must their com...
     
 
  Company and Business Stress Test Self Assessment
The Strat/Assess System delivers a business...
     
 
  The Execution Premium
Kaplan and Norton wrote an excellent book about st...
     
 
  Strategy Execution Process
A proper management system must be in place...
     
 

Strategy Execution Special Interest Group


Special Interest Group

 

Best Practices - Strategy Execution Premium
  The Achilles Heel of Strategy
The Achilles heel of strategic planning is poor...
     
 

Expert Tips - Strategy Execution Premium
 

5 Best Practices to Close the Strategy to Execution Gap

In an ongoing global survey of senior executives, ...
Usage (application): Strategy Execution, Strategy Focus, Organizational Commitment,
 
 
 

How to Become a Self-tuning Enterprise: Advanced Experimenters

In an HBR article of June 2015, Reeves, Zeng and V...
Usage (application): Organizational Agility, Strategic Agility, Real Options, Emergent Strategy
 
 
 

Six Crucial Mind Shifts for Strategy Execution / Implementation

Speculand (2009) suggests six mind shifts that peo...
Usage (application): Change Management, Strategic Change, Resistance to CHange, Strategy Implementation
 
 
 

How to Align Sales People with the Strategy

Strategy is an important but sometimes underestima...
Usage (application): Strategy Execution, Employee Participation, Aligning Sales with Strategy, Strategic Alignment
 
 

Resources - Strategy Execution Premium

The Strategic Role of Public Relations and Communication in Business

Presentation about the role public relations and c...
Usage (application): Public Relations, Strategic Management, Corporate Responsibility, Stakeholder Management, Stakeholder Analysis
 
 

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

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