Most Companies are Poor at Strategic Execution
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Most Companies are Poor at Strategic Execution
By: Admin
There are lots of reasons why failure in Strategic Execution™ is so common and why only 10% of all companies execute their strategic plans effectively. Many companies do strategic planning, and may even have a well-documented process. However, the process itself has become a hollow drill—a once-a-year exercise to get a financial plan to the bank and pacify the board—instead of a meaningful way to assess the business and set a meaningful course. As well, many …Read More This entry was posted in Business Hierarchy of Needs®, Strategy 5.0, Weekend Thought, on October 18, 2014 -
You Need a Common Language to Execute and Sustain Gains
By: Jim GitneyUnderstanding and being understood are among the most basic needs of all people. The same is true for businesses wishing to execute well, adapt to change, and effectively execute the company’s strategy. A common business language aligns a company’s operating organization and connects it with senior leaders and other key stakeholders. Further, a common, performance-based language helps avoid …Read More This entry was posted in Business Hierarchy of Needs®, Continuous Improvement, Organizational Development, Strategy 5.0, Weekend Thought, on August 23, 2014
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Strategy and Culture Delivers Exceptional Results
By: Admin
Many companies have a strategic plan and ALL companies have a culture. If strategy and culture aren’t integrated, you ARE UNDER-DELIVERING! Is your company poised to Deliver a Culture of Stretegic Execution? If you ask a business leader about their Strategic Plan, the typical response is… “It’s around here somewhere,just let me look.” They believe a Strategic Planning Process is expensive; costing time, resources, and promises. A scalable and sustainable Strategic Execution Process is even more time consuming and costly. Many companies fail to deliver the results and promises contained within their Strategic Plan and that’s usually a Culture issue. …Read MoreThis entry was posted in Organizational Development, Strategy 5.0, Weekend Thought, on July 28, 2014 -
When Should A Company Adopt Mass Customization
By: Admin
An executive once asked “at what revenue level does it make sense to adopt mass customization to improve business execution?” From the perspective of manufacturing products, it is one thing to be a “customizer” and quite another to be a “mass customizer.” Here’s how business leaders need to think about this issue.
It is possible to produce customized products with inefficiencies that only grow as …Read More This entry was posted in Continuous Improvement, Manufacturing and Distribution, Strategy 5.0, Weekend Thought, on May 13, 2014 -
The Good, The Bad & The Ugly: Consulting
By: Admin
In preparation for the keynote at the 2010 Confab meeting of professional management consultants, we asked about a thousand global business leaders to respond to an online survey about their use of and experience with management consultants. When over a hundred executives responded within a few hours, I knew I had hit a nerve.
83 respondents out of 107 replied that they hire management consultants. They represent a broad range of industries from healthcare/pharma and financial services to manufacturing, retail and agriculture. Here are some of their comments, minus specific identifiers. They range in size from start-ups to about USD $120 Billion
Ninety three percent said …Read More
This entry was posted in Weekend Thought, on March 4, 2011
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