The “strategy villains” causing paralysis by analysis
💀 Overly complex information
💀 Processes that are too hard to follow
💀 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 👇
“𝘐𝘯 𝘳𝘦𝘢𝘭 𝘭𝘪𝘧𝘦, 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘺 𝘪𝘴 𝘢𝘤𝘵𝘶𝘢𝘭𝘭𝘺 𝘷𝘦𝘳𝘺 𝘴𝘵𝘳𝘢𝘪𝘨𝘩𝘵𝘧𝘰𝘳𝘸𝘢𝘳𝘥. 𝘠𝘰𝘶 𝘱𝘪𝘤𝘬 𝘢 𝘨𝘦𝘯𝘦𝘳𝘢𝘭 𝘥𝘪𝘳𝘦𝘤𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘪𝘮𝘱𝘭𝘦𝘮𝘦𝘯𝘵 𝘭𝘪𝘬𝘦 𝘩𝘦𝘭𝘭”.
For a strategy to be successful, your staff and stakeholders need to be 100 % aligned with it. They’re going to be the ones delivering it, so even the best strategy is useless if nobody knows how to “implement like hell”.
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