As you’ll recall in my last post, I shared the four ways management (unwittingly) sabotages strategy implementation. These four major barriers can be succinctly classified in the following way:

Vision Barrier
Only 5% of your workforce understands the strategy

People Barrier
Only 25% of your managers have incentives linked to strategy

Management Barrier
85% of executive teams spend less than one hour per month discussing strategy and there is no strategic intervention; which means they aren’t:

  • measuring to ensure timely goal achievement
  • developing corrective plans or
  • capitalizing on resulting opportunities

Resource Barrier
60% of organizations aren’t linking budgets to strategy

The Vision Barrier results when the Vision and Strategy are not actionable. Study after study reveals that the workforce (whether you have 3 or 30,000 employees) does not understand strategy, especially how it relates to them and what they do every day. Sadly, only *59% of senior management teams believe they have a clear understanding of how to implement the vision and only 7% of middle managers possess this understanding.

Your organization’s Vision and Strategy must be translated into terms that are understood by your people and into steps they can take action upon in a timely way.

Time consuming? Yes! Worthwhile? Absolutely. You can bet the top performers in your space are continually trying to improve.

Here are 6 steps you can take to improve strategic execution in your organization.

  1. Translate the strategy into specific strategic objectives (for each unit and/or department)
  2. Create specific clarity around your organization’s leading goals.  For instance, within your “Customer Objectives” the goal may be to “grow sales”
    • Management consesus – management must know how it will grow sales before your people will know how to achieve this goal
    • Identify measures that indicate how to track progress
    • Identify targets that quantify the measure
    • Establish deadlines for achieving incremental target goals
  3. Communicate the goal, educate and inform your people about this goal
  4. Work with your people to define and regularly measure and refine the activity required to achieve deadline driven goals and targets
  5. Identify resources, people and processes that need to be linked, developed or refined to support goal achievement
  6. Provide consistent, regular reviews, feedback and learning

We’ve prepared a FREE at-a-glance tool to help you determine if “The Vision Barrier” is keeping your organization from maximizing its full financial and market space opportunities.

Click the link above and then on the “Strategy: Barriers to Execution” drop down list.

Drop us a line to let us know how you are elimating the Vision Barrier in your organization.

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Sheri’ Taber, CEO, The Peak Performance Group, Inc., Management Consultants, Strategy and Execution Experts

 

 

*Kaplan and Norton. The Balanced Scorecard. Boston, MA: HBS Press, 1996.