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Wednesday, February 10, 2010

Top Five Reasons Why Strategic Initiatives Fail

Next time you consider embarking on a strategic initiative, be aware of the following five factors that are common elements of failed initiatives (from IndustryWeek's article: "Top Five Reasons Why Strategic Initiatives Fail")
  1. Strategy is Not Clearly Communicated to the Stakeholders
  2. Lack of Support by Key Leaders in the Organization
  3. Decision-Makers Do Not Understand the Relevance or are Unable to Measure Progress
  4. Lack of Impact on Employee Compensation
  5. Technology Needed for Implementation is Not Available

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