Many organizations invest a great deal of time and talent to develop their strategic plan and strategies for success and growth. They breathe a sigh of relief when the FINAL copy of the plan arrives in their inboxes. However, this is when the hard work of implementation begins and this is where many organizations struggle. Research reveals that several common beliefs about implementing strategy are just plain wrong. The article I have cited here debunks five of the most harmful myths about executing strategy. These are:
- Execution equals alignment.
- Execution means sticking to the plan.
- Communication means understanding.
- A performance culture drives execution.
- Execution should be driven from the ground up.
Redefining execution as the ability to seize opportunities aligned with strategy while coordinating with other parts of the organization can help leaders identify why execution is stalling and focus on the factors that matter most for translating strategy into results.
Keep Calm and Strategize On!
Read more here from the Harvard Business Review: Strategy Execution