The OPEN MINDS Five-Step Cycle For Strategy Implementation

An executive survey across multiple industries indicated that while 67% of leaders believe their organization is good at crafting strategy, only 47% would say the same about implementation. Only 10% of organizations surveyed achieved 67% of their strategy objectives, while 36% achieved between 50%-67% and 54% achieved less than half of their objectives. And the top three reasons for implementation failures were cited as poor communication, lack of leadership, and use of the wrong measures. Lack of time, lack of resources, misalignment between different departments or businesses, and inability to link strategic plans with tactical operations were some of . . .