The study’s most compelling findings was that executives of successful firms use a methodical approach to improving organizational performance consisting of five critical components:
- Rallying around a clear vision;
- Setting expectations;
- Prioritizing and aligning projects, people, and resources to strategic goals;
- Measuring and monitoring progress; and
- Creating an environment of ongoing communication.
The study also found that 82% of top performing firms use a formal mapping process to align the work force to strategic goals compared with only 65 percent of all others.
BOTTOMLINE: Top performing firms use a disciplined approach/methdology that integrates these five key components. Their rates of strategic goal achievement demonstrate that employing the process is worth the investment.