TAMPA, Fla., June 6, 2016 /PRNewswire/ -- If a competitor with breakthrough objectives "out-executes" your company by a wide-margin the consequences can have a significant and unpleasant impact on your company. The fact is, more than 80% of organizations fail to consistently and effectively execute their strategy. An important question for executives becomes, "Is our strategy execution process flawed and to what degree?"
The white paper will help executive leadership teams evaluate their organization's strategy execution process with:
- Finding the organization's strategy execution process score using a 10-point self-assessment
- Determining the level of disconnects between strategy and execution
- Practical suggestions to improve an organization's strategy execution process
One CEO described the white paper as insightful and valuable in raising awareness within her leadership team. The executives concluded they need to fix many of their execution process issues.
According to the author and executive advisor R. Michael Donovan, "Executives need to improve their strategy execution process to create the capability to predictably and reliably deliver on their most important strategic objectives. Often there is lots of work activity but no results from strategic initiatives. People are working hard on running the business but they do not have a strategy execution process that focuses accountable people on the right priorities and schedules for improving the business.
"When it comes to reporting execution progress to executive management status is often blurry and it's unlikely that the entire organization has the same, accurate and timely information. People are buried in 'spreadsheet hell' and they don't have a way out which results in no real visibility of what is actually being accomplished, accountability has vanished and counter measures are rather random because of gaping holes in the strategy execution process," says Donovan.
Many executives really want an answer to:
- "How can I best influence and predict the outcome of the promises made in our strategic plan?"
Part of the answer to this question is to have a strategy execution process that will connect "who" to "what" and "where" with "how" and "when." Executive leadership will know what is (or isn't) moving the dials. Performance expectations and accountability need to be very clear with precise counter measures applied where needed.
What organizations need is an integrated strategy execution process that can become a systematic, natural everyday occurrence across the entire organization. Your organization will learn how to balance time and make the right things happen on time. When speed bumps occur along the way, and they will, executives will get fast, fact-based feedback that will allow for corrective actions to keep strategic initiatives on schedule. Then, the executive leadership team will have the capability to predictably and reliably deliver on their most important strategic objectives.
There is no doubt that breakthrough objectives and a very good strategy execution process is a game-changer. It's powerful, doable and, above all, necessary to strategy achievement for better, faster and predictable business improvements.
Download a complimentary copy of the white paper "Strategy Execution: Accelerating Strategy Achievement" at www.rmdonovan.com/accelerating-strategy-achievement
R. Michael Donovan has worked for over 35 years as an international executive advisor specializing in strategy execution, sales and operations planning, operational excellence and performance management. Contact the firm at 727-474-5455.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/strategy-execution-white-paper-available-300279748.html
SOURCE R. Michael Donovan & Co., Inc.