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Tuesday, March 27, 2007

The Challenge of Execution

Professor Lawrence G. Hrebiniak, Wharton Business School, identified the following issues related strategy execution in his book "Making Strategy Work: Leading Effective Execution and Change."

All four of the problems mentioned below are people-related issues:

  1. Managers are trained to plan, not execute.
  2. Some top executives do not see themselves as responsible for implementation of the strategies they formulate.
  3. Strategy execution happens over a much longer time frame than strategy formulation.
  4. Strategy execution involves more people than strategy formulation.

BOTTOMLINE: Strategy Execution issues are mainly about People Alignment. The execution of a strategy very often fails because leaders do not focus on the critical issue of aligning the people to the strategy and the processes.

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