Successfully Implementing Business Strategy

Product Description

It is difficult to think of anything more important to organisations than the sound implementation of their strategy, the key to achieving their mission. But consider the following statistics:

• 95% of employees do not understand the strategy
• 60% of companies do not link their budgets to the strategy
• 85% of senior management teams spend less than 1 hour a month discussing strategy

A key requirement in effective strategic implementation is to identify the right combination of low-level plans that will deliver the strategy.

Another is to manage the effective implementation of these plans by co-ordinating efforts across the organisation. It is all too easy for managers to shift their priorities to other, non-strategic goals. Are the managers charged with implementing these plans aware of how their efforts & results contribute? Are they given the right resources & authority, & are made properly accountable? In many organisations the budget is the main mechanism through which short-term management is exercised. Does the budget help or frustrate strategic implementation? These, & many other such challenges, affect successful implementation of the strategy.

This training may be available onsite; please contact us if you are interested.