BOOM! SPLAT! Does this sound to you like most strategic initiatives? Launched with grandeur and fireworks, only to be left to die like grapes on the vine, or resisted and squashed like grapes on the street? If so, you are not alone; seventy percent of strategic initiatives fail. One reason for this is leaders expend tremendous energy in formulating strategy, but far less energy in affirming it. Research shows that leaders who execute successfully affirm their strategy take three key actions:
Increase clarity by defining the initiative. These leaders describe the what, why, who, how, when, and where of their initiative, and craft relevant messages that communicate its importance and value.
Foster unity by engaging people. These leaders communicate the initiative in a compelling way, create opportunities for others to engage in dialogue, and involve them in shaping the execution plan.
Promote agility by anticipating challenges. These leaders build execution plans that incorporate opportunities to assess progress, identify obstacles, and correct course as necessary, and take steps to reduce the impact of unanticipated events on execution.
Don’t miss these webcast take-aways:
Keys for clearly defining a strategic initiative’s strategic intent and high-level execution plan in a way that is compelling and complete
The most important thing to keep top of mind about building buy-in
Four things you must do to make your execution more agile in today’s dynamic business landscape