Strategy execution best practices : Clarity on goals For us to be able to coax our organization to better execute our strategies, isn’t it imperative for us to translate our plans into objective goals for each strategy implementing entity at our firm? Isn’t is important for us to ensure that all the entities in our organization are aligned to our plans? Aren’t these threshold requirements? Our study of over two dozen organizational leaders across industries…
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What the Trump victory tells Data folks? #trumpwon
While most surveys & polls “suggested” a landslide victory for Clinton, Trump crosses the finish line with, well, to the amazement and even frustration of many, some ease. This really set me thinking how the poll predictions went so horribly wrong! I don’t doubt for one moment the mathematical models or the competencies of the data analysts. In fact, I do believe that poll analysts would have some amazing models built from years of election…
Strategy execution essentials – Organisations potential Vs performance
The author discusses about the overarching reality of close to 75% of organizations being unable to “perform” to their “potential”. He goes on to share 3 distinct ways which can plug the gap
Strategy execution practices – The 7 point framework
Strategy execution best practices: The 7 point framework Here’s an interesting question I’d like to ask you, “Would people in our organization still be busy even if they are given no goals to pursue?” Most likely the answer is yes! Why is this the case? Well, Chris McChesney, from the 4 disciplines of execution, attributes this to the “whirlwind effect” which takes precedence at workplace. He defines the “whirlwind effect” as the everyday job that…
Strategy execution practices -The important first step
Anyone who’s managed a child would know how easy (or not!) it is to get the child to do a chore you want her to. Be it the Gen X, Gen Y, millenials or even 5 year olds; impose your decision on them and most likely you have invited a thunder storm! Even if they grudgingly accept to do it, the quality of performing the task would leave you flabbergasted.
The Power of Absence
In this era of ultra busy and “always on the move” lifestyle, haven’t we come to appreciate things only when we stop having access to them? A sneak peek into our daily lives would reveal that there are many things whose importance we tend to realize only during their absence, be it material things like internet, smart phones, electricity or even relationships!
Strategy execution capability – 8 critical aspects to build capability
1. Right fit mantra
Having the right framework to hire, retain, motivate, develop and reward talent in an organisation determines its capability. Committed and motivated employees will perform optimally and keep up with an organisations competency requirements for today and tomorrow.
2. Change swiftness
Change is constant. An organization’s capability is defined by its ability to identify opportunity and risk areas and act quickly. A truly agile organisation should be both dynamic (adaptive and quick) and stable (reliable and efficient)……
Strategy execution essentials – 13 things you NEED to obsess about
Read on, if…
You have a great idea that you want to build a business on
You have P&L responsibility for a business that has been doing really well but is being challenged by the growing competitive landscape
You head a business that has achieved remarkable growth in the past but somehow you’ve not been able to grow as fast in recent times
You want to build a “great” organization
Or, if you’re just interested in knowing more…
POSTS & DOWNLOADABLES
20 essential leadership skills for strategy execution - In this article, we have focused on functional skills essential for strategy execution. The behavioural and technical skills required, we believe have direct correlation to the functional skills required to complete the job on hand. This article covers the 20 skills that are essential for leaders to be better strategy executors.
Leadership responsibility #3 -Operational risk management Operations risks are potential risks from breakdowns in routine operational processes, people and systems that are controllable and can be avoided. To be competent goal executors, Leader should consider gaining better understanding of their internal operational risk profiles. Effective management of operational risks will aid better decision making and encourage more informed risk taking.
Interview Questionnaire - Execution skills for leaders The right questions can help you identify execution skills for leaders. Though it is not exhaustive, the interview questions and rating scale given below will reveal a candidate’s leadership skills to get things done. Hope it is useful to you.
Contextual capability building - The process of contextual capability involves functional analysis of operational requirements. Capabilities are identified based on the tasks required to be performed to achieve a goal or a strategy. Once the required capability inventory is defined, the most cost effective and efficient option to assess and build capability can be attempted.
Creating role clarity & accountability - “Accountability” is known to most people. One should also know that there is more to it than just writing job descriptions and if incomplete can reduce the chances of implementing your organisation goals by 75%. Accountability should be used as a tool to inspire people to unlock their potential.