Strategic Plan Execution
This month we are focusing on Strategic Execution and what it takes to be successful at executing a strategic plan.
Why it Matters
Some recent findings show that 70% of well-formulated strategies fail due to poor execution!
Companies tend to spend more time planning and building the plan rather than implementing and executing the strategy and, more specifically, don’t plan and design the proper conversations needed for success.
Take the time to plan your team’s communication and engagement around your strategy.
Four intentional conversations that your leaders need to be having to ensure the organization’s strategic plan is being executed per defined timelines:
- Clarity of specific actions and next steps
- Follow-up and accountability for these actions
- Acknowledgement of success in completing the actions
- Space to deal with breakdowns and struggles completing the actions
In your “Strategic Think Time” this week, reflect on which of the four conversations are happening by your team and which ones need to be upgraded to support the execution of the organization’s Strategic Plan.
Awesome Watch (7 min)
The Strategy Implementation Challenge
Have an Awesome Month Leading with Impact!