Strategy to Execution

According to Gartner’s research (Strategy Execution Change Model Survey in 2019), only 46% of Executives and Managers felt their efforts were aligned to strategy.

There are 4 key building blocks to guide the process of strategy to execution:

#1

Market & Industry Trends

#3

Build the Plan

#2

Company Strategy

#4

Manage Performance

STRATEGY BUILDING BLOCKS

The Key Initiatives UNPACKED

What & Why?

The first two building blocks are part of identifying the strategic plan – what and why?

1. Market and industry trends – this is where you begin to address the strategic questions; understand key trends for the market, industry, economy, people and workforce.

2. Company’s strategy – this is where you articulate your goals. Define your mission/purpose to explain the reason for your existence; your core values that your foundations are built upon; your vision of what you want to be; where you have a competitive advantage; your key areas of focus; long term objectives and financial outlook.

Who, Where, When & How?

The following two building blocks focus on implementing the strategy – who, where, when and how?

1. Build the plan – this is where you align the company’s ways of working to support the strategy. Identify your company goals; understand the required capability and how to build this within your organisation; determine the metrics that will measure your success; build a budget that supports your strategy; understand your regulatory obligations; identify any risks and build out your initiatives ensuring they complement your strategy.

2. Manage performance – in order to measure your success you need to undertake regular performance reviews; evaluate the performance of your key metrics and your initiative program of work so that you are able to respond/pivot if required in order to keep to your strategic objectives; monitor any risks, challenges, issues to ensure your execution plan remains on track.

Source: 2019 Gartner Strategy Execution Change Model Survey