According to the thought leaders at Marakon Associates:
"...there has been a lot of talk about the importance of great execution in producing consistently superior performance. Despite all the talk, there has been surprisingly little research on the topic -- that is, until now."
New research by Marakon, in collaboration with the Economist Intelligence Unit, has found that companies typically realize only about 60% of their strategies’ potential value due to breakdowns in planning and execution.
The results of this research along with seven simple rules for closing the strategy-to-performance gap were featured in the Harvard Business Review.
The seven simple rules for closing the strategy-to-performance gap?
1. Keep it simple, make it concrete.
2. Debate assumptions, not forecasts.
3. Use a rigorous framework, speak a common language.
4. Discuss resource deployments early.
5. Clearly identify priorities.
6. Continuously monitor performance.
7. Reward and develop execution capabilities.