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Urgency of Implementation

Urgency of Implementation. Warning :. The following message may be hazardous to a leader’s health and an organization’s survival. objec. t. i. v. 90% of strategies fail to deliver even 50% of their. e. s. Bridges Research since 2000.

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Urgency of Implementation

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  1. Urgency of Implementation

  2. Warning: The following message may be hazardous to a leader’s health and an organization’s survival.

  3. objec t i v 90% of strategies fail to deliver even 50% of their e s Bridges Research since 2000

  4. 70% of organization, who focused on execution, reported they were “performing better” than their peer group or that they had achieved “breakthrough results.” Palladium

  5. 74% of leaders believe that most important aspect of strategy execution is spelling strategy out into clear language.

  6. An article in McKinsey Quarterly JANUARY 2011 • Chris Bradley, Martin Hirt, and Sven Smit The best strategy a company can adopt is one that it can implement, but strategy execution is often ignored during strategy discussions.

  7. Implementation is about taking the right action to create an outcome which would not have otherwise occurred.  Robin Speculand

  8. excellence in execution. IKEA is one of the most successful furniture stores of all time and just like Dell in its hay day, everyone understands the model but no one has succeeded in copying IKEA. IKEA is obsessed with...

  9. Only 5% of employees have a basic understanding of the company strategy. Bridges 2012 Research

  10. When strategy fails we blame the strategy, rarely the implementation. Robin Speculand

  11. Strategy is about... making the tough choices. Implementation is about… taking the right actions. Robin Speculand

  12. 80% of leaders feel their company is good at crafting strategy. 44% at its implementation. Bridges 2012 Research

  13. Only 2% are confident that they will achieve 80-100% of their strategy’s objectives. Bridges 2012 Research

  14. Execution without people engagement is impossible.

  15.     Employees with a high level of engagement: Perform 20% better and  are 87% less likely to leave the organization

  16. Implementation Discrepancies: Ask the CEO’s direct reports: Ask CEO: “list the top strategic thrusts of the company” “list their five biggest initiatives and projects”

  17. 70% of leaders spend less than one-day a month reviewing strategy. Bridges 2012 Research

  18. “What will get in the way of our plan?” Always ask when planning:

  19. Always ask in your weekly meeting: • “What have we done this week to implement our strategy?” Always ask at the start of your meeting:

  20. There must be a clear line of sight between actions being asked to be taken and overall objectives of the strategy.

  21. CEO holds his regular business reviews at a rectangle table where he expects his managers to represent the interest of their business Strategic discussions are at a round table where he expects everyone to pursue what is best for the whole company.

  22. The top three toughest implementation challenges leaders perceive are: Ensuring staff members take different actions Aligning implementation to the company’s culture Gaining people’s support Bridges 2012 Research

  23. Sharks have to keep moving, even when they are asleep - just like implementation.

  24. www.bridgesconsultancy.com

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