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Thursday, October 19, 2006

Making Strategy Work

Formulating strategy is one thing. Executing it throughout the entire organization... well, that's the really hard part.

Without effective execution, no business strategy can succeed.

The entire premise behind the top-rated book "Six Disciplines for Excellence" is this disconnect between strategy and execution. The book describes the first sustainable program for strategy-driven execution.

To quote author, CEO and founder Gary Harpst: "Knowing what to do is not the problem - it's doing it - consistently over a long period of time."

In a related way, author Larry Hrebiniak from the University of Pennsylvania's Wharton School offers his roadmap for execution that encompasses what he sees are the key success factors from his book "Making Strategy Work: Leading Effective Execution and Change,"

  • Organizational structure
  • Coordination
  • Information sharing
  • Incentives
  • Controls
  • Change management
  • Culture
  • The role of power and influence in the execution process

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