Why Strategies Fail
Fri, October 15, 2010 at 11:55
Much has been written about strategies and how they help your enterprise thrive. You can read dozens of books about the best methods to create and implement a strategy. The issue with most of these methodological approaches is that they don’t work in real life.
What do I mean by “real life”? You and your leadership team are accountable for your organisation's strategy. Looking at your daily workload, how much time can you spend in creating a consistent strategy? And more importantly, how much time and effort can you put into the execution of your strategy?
That is the crux of the matter: creating a strategy requires only ten percent of your overall strategic effort, perhaps even less. Execution of your strategy accounts for the other ninety percent. In most cases the outcomes of this time-effort investment are sadly mediocre.
The good news: The success of that ninety percent of your effort can increase dramatically if you apply our seven silver bullets to your strategic lifecycle.
In Focus: Why Strategies Fail. A position paper.
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