Strategy Execution
Once that envisioned future is clear, the organization culture understood, the strategies defined, all is left to do is execute. Good planning is easy, the tough part is executing. Executing without a plan is just as bad as planning and not executing.
In it is most basic form, execution means closing deals, seeing customers, shipping products and meeting, even beating targets; and to make these happen requires that the organization is set up appropriately.
In order to setup the organization properly, the leadership team needs to re-calibrate its daily activities to match the requirements of the long-term and short-term plans. Every initiatives being executed by the organization needs to be re-calibrated so that the portfolio of initiatives supports precisely the Core Strategies.
Furthermore, the organization needs to implement the changes that came out of the process to clarify “what you should stop doing, what you should keep doing and what you should start doing”.
Re-calibrate the organizational structure in support of Core Strategies and clarify accountability so to get the strategies implemented efficiently, speedily, precisely as designed and, more importantly, so that they deliver results.
There are four critical success factors for effective execution of strategies:
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