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Why Strategy Implementation
Is So Difficult
Strategy implementation skills are not easily
mastered, unfortunately. In fact, virtually all managers find implementation
the most difficult aspect of their jobs – more difficult than strategic
analysis or
strategy formulation. U.S. managers
spend more than $10 billion annually on strategic analysis and strategy
formulation. Managers themselves report that less than half the plans
resulting from these efforts are ever implemented. Outside observers put the
success rate even lower: less than 10%.1
Strategies that are not implemented constitute
little more than academic exercises. The ability to implement strategies is
one of the most valuable of
all managerial skills. Managers intent on implementing strategy must:
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master
systems thinking
to be able to coordinate a broad
range of interconnected efforts aimed at transforming intentions into
action, and
-
take care of the
factors impeding
strategy implementation.
Strategic Motivation
Without strategic motivation, without the
organization's enthusiastic involvement
and participation of
inspired employees, it
is impossible to implement any
strategic plan...
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Strategic Cross-Functional Management
6Ws of Corporate Growth
Systemic
Innovation: 7 Areas
Strategic cross-functional management is central to capitalizing on
functional excellence, and in order for functional specialists to make the
greatest possible contribution, they must take a broader view of their
functions and understand how they fit into the web of the organizational
processes and, ultimately, into the overall
strategy...
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Strategy Innovation
Never is
strategy implementation more important than when
innovation:
is at the heart of a strategy. When it comes to innovation, execution is not
about fulfilling the script. It is about constantly rewriting it. Innovation
always involves treading into uncertain waters. And as uncertainty rises,
the value of a well-thought-out, but static,
enterprise strategy drops. In fact,
when pursuing entirely new
business models,
no amount of research can resolve the critical unknowns. All that strategy
can do is give you a good starting point. From there, you must
experiment,
learn, and
adapt.3...
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