Strategy Execution is the process that calls out clearly, schedules, and actualizes the actions that make delivering the strategic objectives a reality. If a strategic plan is a roadmap to get to your vision, strategy execution is the vehicle that gets you there.
Moving from strategy development to its execution is one of the most prominent challenges organizations face. But why is this important?
A well-formulated business strategy, powerfully disruptive product, or other breakthrough innovation can put an organization on the map, but only sustained strategy execution can assure long-term success.
Organizations can achieve successful execution by investing in a robust, time-bound strategy execution planning and monitoring process.
In helping you with this, we take you through the following steps:
- We start by calling out the over-arching actions required against each strategic intent- typically during the strategic planning process.
- We will then walk with you as you cascade those over-arching actions into more operational actions for shorter periods of time and help you put mechanisms for ensuring that this execution happens, including human performance management schemes.
- Allocation of resources is a crucial part of this and here Stratex will reality check your resource allocation while encouraging you to take our time-tested approach that avoids either under or over-allocating resources to priorities because of past behaviors.
Finally, we will work with you to put a process that evaluates performance and adjusts the action plans as needed- to form a strategic thinking, planning, and execution continuous feedback loop. We help you determine the right levels of review of performance measures to balance between executing and course correction in a timely manner.