Strategy formulation and planning are really two different things. And of course the value isn’t in spending three days setting strategy. The point isn’t walls full of easel sheets and group think, it’s all about what do you do to make things happen. Strategy is NOTHING without implementation.
Implementation is putting strategy into action.
That means several things:
- Creating timeframes, metrics, accountabilities, and so forth, so that, as CEO after three months, you can know you’ve made progress.
- Getting the organization sharply focused on the strategy.
- Managing execution
- Communicating with the people in the organization about what the strategy is in a way that is clear, simple and compelling.
- Making changes, when necessary to structure, work flows, management processes, people, compensation and the rest, to ensure that the organization is very focused and fully aligned with the strategy.
Formulating a strategy is only the beginning.
How good is your follow-through?
Copyright 2018 Bob Legge
I am a trusted advisor on strategy implementation and executive effectiveness to leaders of Fortune 500 companies, mid-size companies, nonprofits, education, and government. My work helps leaders drive strategy, lead successful change, develop high performance cultures, improve individual and organizational performance, and produce faster, sustainable growth and value.
If you want to seize new opportunities, dramatically improve your leadership effectiveness, and free-up more time for yourself and your family, give me a call.
My website is www.boblegge.com
Making changes, when necessary to structure, work flows, management processes, people, compensation and the rest, to ensure that the organization is very focused and fully aligned with the strategy.