Turning Great Strategy Into Great Performance

Implementation & Control of Strategy

Idea in brief

Most companies strategies deliver only 63% of their promised financial value.

Some of the reasons for that

Companies rarely track performance against long term plans.

Multiyear results rarely meet projections.

A lot of value is lost in translation.

Question to be asked is..

Whether there is a problem in the formulation of strategy?

OR
Whether there is a problem in its implementation in correct manner?

Factors responsible for the performance loss..

Inadequate or unavailable resources Poorly communicated strategy Actions to execute not clearly defined

Unclear Accountability
Organizational culture Inadequate performance monitoring

Inadequate rewards
Poor senior leadership Unapproved strategy Other obstacles

Rules for closing the strategy to performance gap

Keep it simple Debate assumptions not forecasts Use a rigorous framework, speak a common language Discuss resource deployments early Clearly identify priorities

Continuously monitor performance

Reward and develop executive capabilities

Thank You