Beyond Strategy 29 Nov 2012

7/29/2019 Beyond Strategy 29 Nov 2012

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Beyond Strategy,Hyderabad, 2012


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If youd like a free copy of my slides,email your name to:

and well send them to you.
mailto:[email protected]


6/43 Bridges Business Consultancy Int, 2010


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of organizations

fail to execute

their strategies

successfully.

Bridges Business Consultancy Int, 2010

90%


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Companiesfailto

successfullyimplement

strategynot becauseof bad strategy, but

bad execution.

Ram Charan and Geoffrey Colvin,

Fortune Magazine


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STRATEGY


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STRATEGYIMPLEMENTATION

A long term study by Newcastle University,(1973 1989) showed that businesssuccess is governed more by how well

strategies are implemented than how good

the strategy is to begin with.


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the whole strategyimplementation

challenge.

underestimateLeaders


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One of thecriticismswe wouldhave of some of our colleagues who have

studied strategy (and some consultants

who advice on strategy) is that theyassume that once you design strategy it

gets executed


Joseph Bowler,

Professor of Business Admin

Harvard Business School

They dont look inside the process

and realize that its much more complicated.


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Implementation

D k i ti biliti ?


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To design a new product conduct a market assessment

Buying a company do due diligence

To identify skills needed carry out a training & needs analysis

Before betting on your companys future ?

Conduct animplementation

assessment?

Do you know your organizations capabilities?


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Would you prefer to have:

A.Good strategy implementedbadly

B. Bad strategyimplemented well?

OR


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Leaders are educated

to plan not to

implement


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Leaders are educated

to plan not to

implement

We only teachstrategy, not its

implementation


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Why DoesImplementation

Fail?

90%

Failure

Rate


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+

The Current Equation

Vision, Mission &Values

Strategy

ChangeManagement

= RESULTS

NOT FOR NINE OUTOF 10 COMPANIES

+


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Make Your Strategy Come Alive

Bridges

13 Years of

Research


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What do the one in ten companies do different?


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Implementation Challenge

Vision,Mission& Values

ChangeManagement Implementation

Go beyond traditional

change management

StrategyCreation


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Change Management

cantbe applied to strategy

implementation.

Strategy implementation can be used for change management


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Implementation is not

If strategy is about making the right choices


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Shareholder Value

If strategy is about making the right choices

Then implementation is about

Strategy


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Crafting strategy requires an

outside in approach

Implementation requires an

insideout approach.


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Squeezed in at the end of the meeting


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People Support

Biz Case Urgency

Communicate Whats Happening

Measure Track Performance

Culture Alignment

Process Change Work

Reinforce Encourage Right Actions

Review Discipline of Doing


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2. Which direction is the hardestto implement?

4. Which direction is the leastpracticed among leaders?

1. Turn to a partner and share your

thoughts on the compass.

3. Which direction receives themost resistance?


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Beyond Strategy 29 Nov 2012

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