strategy: dont just plan...execute!

31
Are you Bridging Your Strategy Execution Gap? discover • plan • execute • succeed Strategy: Don’t Just Plan…EXECUTE!

Upload: rick-hayes

Post on 22-Jan-2015

2.055 views

Category:

Documents


2 download

DESCRIPTION

Companies must improve execution if they are going to survive, or better yet, drive the competition in this economy. This presentation discusses how an ever changing landscape is forcing companies to remove complexity from executing strategy and embrace simplicity for speed, flexibility, and adaptability to change.

TRANSCRIPT

  • 1. Are you Bridging Your Strategy Execution Gap? Strategy: Dont Just PlanEXECUTE! discover plan execute succeed

2. Did You Know? Top 10 in-demand Jobs in2010 did not exist in 2004 US Department of Laborestimates todays learnerwill have 10-14 jobs by age38 1-4 employees have beenwith their current employerfor less than a yeardiscover plan execute succeed 3. Years to Reach Market Audience of 50 Million Radio - 38 Years TV - 13 Years Internet - 4 YearsiPod - 3 Years Facebook - 2 Years discover plan execute succeed 4. Did You Know? Amount of new technicalinformation is doublingevery 2 years discover plan execute succeed 5. Did You Know? discover plan execute succeed 6. What We Think It Means Business is constantly changing Competitive Landscape New Information & technologies Changing Worker Habits/Needs Companies must adapt anddrive in order to succeed Have you incorporated this intoyour strategy?discover plan execute succeed 7. Changes in Fortune 1000 Top 20Are You Built ToChange??60%2003 - 201345% 1993 20031983 - 199335% 1973 - 1983Source: Built to Change, Lawler, Worley, 2006discover plan execute succeed 8. What It MeansMake It Happen vs. Let It HappenIts About Execution! discover plan execute succeed 9. Its About Execution Top CEO Concernsdiscover plan execute succeed 10. Are you executing your strategy? discover plan execute succeed 11. Are You Executing Your Strategy?"90% of organizations fail to execute their strategies successfully." discover plan execute succeed 12. Are You Executing Your Strategy?"82% of Fortune 500 CEO's feel their organization did an effective job of strategic planning. Only 14% of the same CEO's indicated that their organization did an effective job of implementing the strategy.discover plan execute succeed 13. Are You Executing Your Strategy?62% of more than 1,500 executives describe their organizations as mediocre or worse at strategy execution discover plan execute succeed 14. Execute or Die Vs.discover plan execute succeed 15. The US Post-Office Facing closure of 10% of post-offices Did not have a strategy to navigate recession Revenues and mail volume decline Cut-backs in advertising mail Is it the industry?discover plan execute succeed 16. Executing and Dictating Outcomes discover plan execute succeed 17. Are You Bridging Your Strategy Execution Gap? Will you be in business in 1 3 years? How will your business change? Do you have a strategy? Are you executing?discover plan execute succeed 18. The Strategy-Execution GapThe Strategy Execution Gap is the variance between management's strategicplans and the organization's actual execution or implementation of those plans.Alignment Maturity Model High Medium Strategy Execution LowGapStrategyGapExecution Vision Knowledge Alignment Strategies Strategic Change Measurement Activities Ability to Execute Accountabilitydiscover plan execute succeed 19. Strategic AlignmentStrategic Alignment is the coordinated deployment of strategicassets (human, financial, & information capital) to achievecorporate strategies and is the foundation of strategy execution.StrategyExecutionHuman Financial Informationdiscover plan execute succeed 20. Activity The object of the exercise is to win. The way to win is to accumulate the maximum possible positive points.ColorScoreMixed Red 500Mixed Black-500All Red-250All Black250discover plan execute succeed 21. Alignment Horizontal & Vertical Organizational Units fail to coordinate, have conflicting goals and priorities, and often compete for resources, resulting in poor strategy execution.WithoutWith Horizontal Alignment breaks down silos across functions Vertical Alignment keeps every level of organization focused on corporate strategiesdiscover plan execute succeed 22. Managing and Executing Strategy Process for linking activities to strategies Measurement Culture of execution Leading and Lagging measures Common Terminology & Communicationdiscover plan execute succeed 23. Business SimplicityValue Chain Vision Balanced Scorecard Mission SWOT Analysis Corporate Strategy Porters Five Forces Business StrategyStrategies Competitive Advantage Strategy MapsStrategic Planning Strategy Portfolio Grand StrategyActivitiesValuesSeven S Framework Goals discover plan execute succeed 24. Vision How do you want to be perceived by customers? What do you seek to create as a company? Vision serves as north star to guide the companydiscover plan execute succeed 25. Strategies Strategy is the course we chart, the journey we imagine, and at the same time, it is the course we steer, and the trip we actually make Strategies are the overall themes of activities we engage in to achieve our vision Strategic initiatives are defined to support the strategies of the organization discover plan execute succeed 26. Activities What we engage in on a daily basis as an organization, department, individuals that support the implementation of strategic initiatives and overall corporate strategies Activities link your human, financial, and information capital (Strategic Assets) to your strategies and vision discover plan execute succeed 27. Strategic Management Systemsdiscover plan execute succeed 28. BSC Strategy Map Confusing? Financial Enhance Organizational CapabilityEnhance effectiveness of HR Vision PerformanceProvide operational excellencethrough efficient HR practices contributions to business performanceSr. ExecutivesManagers EmployeesStrategies Internal Customer Get the right people inthe right place at theBe knowledgeable & trusted advisorSupport achievement ofbusiness objectivesPromote aglobal diverse Provide competitive Provideopportunity toright time culture rewardsadvance career Activities InternalAttract , Develop, & Retain TalentDevelop leadership pipelineDrive Organizational Performance Align individual performance objectives to business outcomes Transform HR into Strategic AssetUnderstand & anticipate business needs Processes Attract MDs into R&D Transform performance management process Consult on talent solutions Facilitate movement of talent across orginto business performance tool Improve HR best-practices awareness Manage contingent workforce effectively Align/leverage reward system with strategy Develop efficient & effective HR processes Attract & develop employees/leaders Make innovation & customer satisfaction part of aligned to business outcomes every job Manage change initiatives effectivelyCreate AlignmentCreate Capability Identify HR activities that drive business performanceIdentify required KSAs, behaviors, values required Link people and processes to organizational strategyIdentify strategic job families that deliver results Identify actionable metrics to measure effectivenessDefine competency model for job families Partner with IT to execute HR technology strategy Human CapitalInformation Capital Organizational Capital Assets Learning &Knowledge, skills, abilities & valuesImprove business acumen Global Core HRIS system Talent Management System Know business needs Strategic identityDevelop strategic HR competencies HR data warehouseManage change Growth Enhance and communicate EVP Digital HR Align workforce to strategydiscover plan execute succeed 29. Align Strategic Assets to Support ExecutionVision Your VisionStrategies InitiativesStrategic InitiativesActivities Alignment & Capability AssetsHumanFinancial Informationdiscover plan execute succeed 30. Which Describes You?Make It Happen! Let It Happen! discover plan execute succeed 31. Thank You!Are You Bridging Your Strategy Execution Gap? Website:www.cncstrategy.com Strategic Alignment Questionnaire:https://www.cncincsolutions.com/questionnairediscover plan execute succeed