implementing your strategy – the making it happen peter scott peter scott consulting

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Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

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PETER SCOTT CONSULTING Strategic change is a journey Making decisions Implementing decisions Banking progress Moving on

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Page 1: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

Implementing your strategy

– the making it happen

Peter ScottPeter Scott Consulting

Page 2: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

‘A little less conversationa little more action please’Elvis Presley

Page 3: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

PETER SCOTT CONSULTING

Strategic change is a journey

Making decisionsImplementing decisionsBanking progressMoving on

Page 4: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

PETER SCOTT CONSULTING

Always keep in mind….

THE BIG PICTURE

Page 5: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

PETER SCOTT CONSULTING

Implementing decisionsQuestion

Why do many partnership strategies fail?Answer?

Failure to implement agreed plans

Why?

Page 6: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

PETER SCOTT CONSULTING

Why?The nature of partnershipsPeople businesses

Need to take your people with you on the journey

Page 7: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

PETER SCOTT CONSULTING

Are your skills up to the task?

Your people skillsInternal resource?

orExternal advice?

Page 8: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

PETER SCOTT CONSULTING

People skillsDo you have the right people on board to enable you to achieve your objectives?

If not, what are you going to do about it?

Page 9: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

PETER SCOTT CONSULTING

Internal / external resource?

We cannot be good at everythingIt is not ‘failure’ to buy in specific skillsOften the external person is listened to

Page 10: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

PETER SCOTT CONSULTING

Ideas to help you on the journey

SkillsKnowing your partnersAccountabilityTiming Leading by exampleUsing the TEAMJust doing itSanctions

Page 11: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

PETER SCOTT CONSULTING

Knowing your partnersWhat makes them ‘tick’?What makes them insecure?How will they react?How do we limit ‘fall-out’?

Page 12: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

PETER SCOTT CONSULTING

Partner accountability‘We have no room for those who put

their personal agenda ahead of the interests of the clients or the office’

David Maister

Page 13: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

PETER SCOTT CONSULTING

AccountabilityDo your partners just pay ‘lip service’ or do they live it? Consider an ‘accountability statement’

Page 14: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

PETER SCOTT CONSULTING

Timing Strike while the iron is hotTurn decisions into action – fastAssign tasks and responsibilities

Page 15: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

PETER SCOTT CONSULTING

Leading by exampleLeadership is crucial for changePractice what you preachLive the strategy

Page 16: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

PETER SCOTT CONSULTING

Use the ‘power of the team’TEAM?

TogetherEach Achieves More

Page 17: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

PETER SCOTT CONSULTING

Harness the ‘power of the team’

Create ‘champions’

Use ‘task forces’

Page 18: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

PETER SCOTT CONSULTING

Just do it!Judgment Knowing your partners80 / 20 ruleNeeds courage

Page 19: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

PETER SCOTT CONSULTING

SanctionsNecessary?Choice of sanctions?Do they work?Examples

Page 20: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

PETER SCOTT CONSULTING

Bank progress – move onIncremental journey?

orQuantum leap?

Knowing your partners

Page 21: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

PETER SCOTT CONSULTING

A final thought…

‘Change before you have to’

Jack Welch

Page 22: Implementing your strategy – the making it happen Peter Scott Peter Scott Consulting

Any questions?