beyond strategy 29 nov 2012
TRANSCRIPT
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Beyond Strategy,Hyderabad, 2012
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If youd like a free copy of my slides,email your name to:
and well send them to you.
mailto:[email protected] -
7/29/2019 Beyond Strategy 29 Nov 2012
6/43 Bridges Business Consultancy Int, 2010
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of organizations
fail to execute
their strategies
successfully.
Bridges Business Consultancy Int, 2010
90%
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Companiesfailto
successfullyimplement
strategynot becauseof bad strategy, but
bad execution.
Ram Charan and Geoffrey Colvin,
Fortune Magazine
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STRATEGY
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STRATEGYIMPLEMENTATION
A long term study by Newcastle University,(1973 1989) showed that businesssuccess is governed more by how well
strategies are implemented than how good
the strategy is to begin with.
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the whole strategyimplementation
challenge.
underestimateLeaders
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One of thecriticismswe wouldhave of some of our colleagues who have
studied strategy (and some consultants
who advice on strategy) is that theyassume that once you design strategy it
gets executed
STRATEGYIMPLEMENTATION
Joseph Bowler,
Professor of Business Admin
Harvard Business School
They dont look inside the process
and realize that its much more complicated.
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Implementation
D k i ti biliti ?
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To design a new product conduct a market assessment
Buying a company do due diligence
To identify skills needed carry out a training & needs analysis
Before betting on your companys future ?
Conduct animplementation
assessment?
Do you know your organizations capabilities?
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STRATEGYIMPLEMENTATION
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Would you prefer to have:
A.Good strategy implementedbadly
B. Bad strategyimplemented well?
OR
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Leaders are educated
to plan not to
implement
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Leaders are educated
to plan not to
implement
We only teachstrategy, not its
implementation
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Why DoesImplementation
Fail?
90%
Failure
Rate
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+
The Current Equation
Vision, Mission &Values
Strategy
ChangeManagement
= RESULTS
NOT FOR NINE OUTOF 10 COMPANIES
+
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Make Your Strategy Come Alive
Bridges
13 Years of
Research
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What do the one in ten companies do different?
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Implementation Challenge
Vision,Mission& Values
ChangeManagement Implementation
Go beyond traditional
change management
StrategyCreation
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Change Management
cantbe applied to strategy
implementation.
Strategy implementation can be used for change management
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Implementation is not
If strategy is about making the right choices
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Shareholder Value
If strategy is about making the right choices
Then implementation is about
Strategy
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Crafting strategy requires an
outside in approach
Implementation requires an
insideout approach.
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Squeezed in at the end of the meeting
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People Support
Biz Case Urgency
Communicate Whats Happening
Measure Track Performance
Culture Alignment
Process Change Work
Reinforce Encourage Right Actions
Review Discipline of Doing
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2. Which direction is the hardestto implement?
4. Which direction is the leastpracticed among leaders?
1. Turn to a partner and share your
thoughts on the compass.
3. Which direction receives themost resistance?
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