Linking Strategy with Execution is crucial for the success of organizations, driving Innovation, Quality, and Growth. If they don’t align in a coherent way, the organization potentially risks losing its focus.
Leaders need to be expert at both Strategy and Execution. For organizations to become successful global businesses, they need to organize a clear winning Value Proposition, underpinned by unique capabilities, by linking their Strategy with Execution to everything they accomplish.
Strategy entails the proposed plan of action to achieve objectives, whereas execution encompasses myriad of daily decisions by the employees at every organizational level. Unfortunately, most organizations fail at bridging the performance gap between Strategy and Execution. In fact, one global survey conducted by leading global consulting firm asked 700 business executives to rate their top management in terms of their effectiveness at both strategy and execution. Only 8% leaders were considered effective at both.
Dawgen Global Team of Advisors assist clients by explaining the guiding principles of Strategy (through Execution) that provide a concrete layout to bridge a firm’s strategic direction with what it is able to deliver the best, and navigate the growth avenue. Top global enterprises have exceptionally coherent Strategy and Execution functions.
The following 10 principles of Strategy Execution also provide a dependable approach for the organizations to harmonize their strategists and implementers together:
1. Set High Objectives
2. Fortify Your Distinct Capabilities
3. The Critical Ability to Be Ambidextrous
4. Individuals’ Commitment Counts
5. Align Metrics and Incentive Systems to Strategy
6. Surpass Functional Barriers
7. Embrace Digital Technology
8. Strike the Balance between Simplicity and Complexity
9. Strengthen the Value Chain
10. Instill Collective Mastery
To effectively incorporate Strategy into Execution, it is important for management to understand and implement these principles, such that they become a part of the DNA of their organization.
Need help with defining your Strategy ?
Dawgen Global Team can help you!
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