Thinking before implementing strategy

I work with a team which helps implement strategy – turning strategic objectives into results.  Funnily enough, when we meet a new client the strategic drivers and objectives are often far from clear.  Executives come to us because they want to do something and they want to make it happen quickly. That’s fine. We can…

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Strategic Roadmaps: Unravelling the mystery

In many organisations, there’s an aura of mystique surrounding strategy.  It can seem disconnected from the everyday, from business as usual, from what people do.  I’ve found this especially true of the “strategic roadmap”, a mysterious document concocted by gregarious people after a session in front of a whiteboard at an off-site somewhere.   Strategic…

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Effective Strategy Implementation – People over structure

Strategic initiatives can be risky and many of them fail.  Strategic plans get developed and even published, but still have no impact.  In their 2008 book ‘The Execution Premium’, Norton and Kaplan note that 60-80% of companies fall far short of the expressed targets in their strategic plans. The Economist Intelligence Unit published ‘Why Good…

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Strategic Abandonment – The Art of Letting it Go

We reject new ideas more easily than we reject old ones. Some of the most common reasons for not investing in a strategic change initiative are: Those are good reasons for deciding not to invest. Organisations need to allocate resources wisely. If new projects take up 10% of resources, have you scrutinised the activities that…

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Does the fear of failure limit strategic success?

A fear of personal failure can hold us back from doing the things we need to do to succeed. Most of us have felt that at some time in our lives.  We find ways to reduce the fear so we can act. Organisations can impose a fear of failure too. Here are 3 ways they…

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How do I implement strategy while cutting costs?

In tough times, Managers cut budgets. We look for obvious savings. HR leaves vacancies unfilled. We cut travel. The training and conference budget disappears. Property gives up the lease on an office floor.  People lose their jobs. Executives shelve business cases. Now is not the time for bright, new ideas. It is time to tighten…

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Strategic transformation is about little things

Strategy execution is a team effort. It needs lots of action by lots of people but the key thing is that action occurs. Grand visions can be inspiring but nothing inspires like results on the ground. Is it better to have one central team or to have many teams taking little actions? Should your strategy…

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