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Monday, August 14, 2006

Strategy Execution

One of the major arriers to achieving lasting business excellence is how little formal effort organizations put into learning how to execute strategy.

This capability is critical, because service offerings and product lines come and go, but the core competence to define and execute a strategy is forever.

Warning signs related to not being "strategy focused" within an organization include:

  • Team members don't understand the difference between working on the business and working in the business.
  • There's no defined process for working on the business itself.
  • Team members don't understand the strategy itself, and goals communication is infrequent and inadequate.
  • People, systems, processes, policies and/or capital are not aligned with the strategy.
  • Reward systems are misaligned with goals.

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