The “strategy villains” causing paralysis by analysis
๐ Overly complex information
๐ Processes that are too hard to follow
๐ Confused staff
These are the villains you want to protect your company from.
Good strategy relies on an implementation system. And the villains will prevail if your strategy lacks coherence and alignment.
This quote from Jack Welch, former CEO at General Electric, is an oldie but a goldie ๐
“๐๐ฏ ๐ณ๐ฆ๐ข๐ญ ๐ญ๐ช๐ง๐ฆ, ๐ด๐ต๐ณ๐ข๐ต๐ฆ๐จ๐บ ๐ช๐ด ๐ข๐ค๐ต๐ถ๐ข๐ญ๐ญ๐บ ๐ท๐ฆ๐ณ๐บ ๐ด๐ต๐ณ๐ข๐ช๐จ๐ฉ๐ต๐ง๐ฐ๐ณ๐ธ๐ข๐ณ๐ฅ. ๐ ๐ฐ๐ถ ๐ฑ๐ช๐ค๐ฌ ๐ข ๐จ๐ฆ๐ฏ๐ฆ๐ณ๐ข๐ญ ๐ฅ๐ช๐ณ๐ฆ๐ค๐ต๐ช๐ฐ๐ฏ ๐ข๐ฏ๐ฅ ๐ช๐ฎ๐ฑ๐ญ๐ฆ๐ฎ๐ฆ๐ฏ๐ต ๐ญ๐ช๐ฌ๐ฆ ๐ฉ๐ฆ๐ญ๐ญ”.
For a strategy to be successful, your staff and stakeholders need to be 100 % aligned with it. Theyโre going to be the ones delivering it, so even the best strategy is useless if nobody knows how to โimplement like hellโ.
Less thinking and more doing is key to getting a strategy implemented and delivering results.
Why do you think companies fail to implement strategies? Check out the poll and share your thoughts in the comments.
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Why do you think companies fail to implement strategy well?
- Staff don’t “get it”
- No budget to implement
- Too complex to implement
- Over-thinking without doing