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Friday, October 06, 2006

A Complete Strategy-Driven Execution Program

Consider the following:
  • According to Fortune Magazine, "less than 10% of strategies effectively formulated are effectively executed."
  • Organizations that successfully execute even mediocre strategies far outperform those that fail to execute well-formulated strategies.

So....the best course of action is to follow through on your plans and execute your organization's strategies.

Sounds so simple....yet that's where the problem comes in.

Why is it that "we know what to do...." - but we just don't do it?

Fortunately, there is a way for small businesses to execute their strategies.

But it requires a complete strategy-driven execution program.

To be complete, a business improvement program must address all key aspects of an organization (people, processes, policies, systems, technologies). It also needs to include a repeatable method, integrated tools and on-going coaching. It must also address the three key barriers (expertise, cost and human factors).

While larger businesses have spent millions of dollars on individual disciplines like strategy, performance management, etc., it has now become economically feasible for small businesses to benefit from the combination of these in a complete on-going business improvement “fitness” program. However, with any fitness program, the biggest hurdle -- is making it last.

To sustain these fundamental disciplines requires tight integration with day-to-day activities from every employee in the organization. To achieve maximum results, every employee must understand company strategy and how their daily work connects to it so they can self-manage to the strategy. In addition, it requires the accountability of an outside coach or advisor to keep organizations on track in learning and applying the disciplines. It also requires a community of like-minded organizations sharing best practices and accelerating learning.

The Internet and the convergence of efficiency and effectiveness are the enabling factors for the packaging of a next-generation program for breakthrough results in small business execution – strategy-driven execution.

BOTTOMLINE: While larger businesses have spent millions of dollars on individual disciplines like strategy, performance management, etc., it has now become economically feasible for small businesses to benefit from the combination of these in a complete on-going business improvement “fitness” program. However, with any fitness program, the biggest hurdle -- is making it last.

A single program focused on execution, driven by an organization’s strategy and optimized for small business has not been available – until now. Read "Six Disciplines for Excellence."

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