And, more importantly, how confident are you about the delivery of your chosen strategy?
Many leaders we engage with are excited about their vision, have the necessary conviction to grow the value of their businesses, and are fully committed to implementing the strategy they have chosen to achieve that vision.
However, they are less confident about their ability to move from strategic intent to execution, highlighting concerns as to the speed of decision-making.
This only proves to fuel leaders’ anxieties around their competitive edge and long-term viability of their businesses.
We believe that strategy execution demands equal, if not greater, thought and consideration as the process of formulating the strategy itself.
To help you assess and strengthen your organisation’s ‘implementation fitness,’ we’ve outlined a framework anchored in six critical pillars.
- Empowered Leadership: The Engine of Execution
Capable leaders are key to setting the tone and culture of a business. Capable leaders build high-performing teams and create an environment in which people are empowered to deliver collectively. The bench-strength of leadership is arguably the greatest contributor to the effective execution of strategy. - Aligned Structure: The Foundation for Collaboration
The operating model of a business, its structure, and the clarity of roles and responsibilities ensures delivery accountability. The structure should enable collaboration, clear decision making, and effective communication flow across the business. - Engaged and Motivated People: The Driving Force
The right people, in the right roles, who understand how their contribution makes a difference towards the purpose and vision of their organisation can truly make or break a business. - The Ability to Innovate and Continuously Improve: The Adaptable Mindset
To successfully execute your strategy, being able to identify issues, generate unique ideas, and keep your customer’s needs in your immediate line of vision is key. Since the path to business growth is filled with hurdles and obstacles that are often impossible to predict, it’s important to stay ahead of the curve and empower your team to make problem-solving a habit. - Focused, Aligned Decision-Making: The Strategic Compass
Making effective decisions, setting clear priorities, and aligning the actions of individuals and teams creates focus. When you agree to an implementation plan, it becomes a catalyst for organisational efficiency by focusing energy on the “must-win battles” for success. - Disciplined Performance Tracking: The Feedback Loop
Tracking and measuring performance – a discipline of regular progress monitoring against a set of metrics – ensures momentum. On track performance should become a regular activity, particularly because early identification of lagging performance can be addressed and remedied quickly.
How would you rate yourself on each of these six pillars? Allow us to help you conduct a robust analysis of your reality to both accelerate and de-risk the delivery of your strategy.
Don’t let your strategic vision falter at the execution stage. Contact us today – meetus@jp.co.za
Rights: Joint Prosperity in collaboration with Humatica.