Search results for: effective-strategy-execution

Effective Strategy Execution

Author : Bernd Heesen
File Size : 42.40 MB
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This book demonstrates how an improved strategic management approach, leveraging established management concepts in conjunction with the innovative technology solutions offered by business intelligence, can lead to better performance. It presents the three main barriers to effective strategy execution and explains how they can be overcome. Creating a shared understanding of the strategy at all levels of the organization using a Value ScorecardTM and following the Strategic Alignment ProcessTM allow organizations to measure and monitor performance. Strategic Alignment Remote ControlTM is presented as the ultimate tool for managers to remain in control of their business. Seven case studies from different industries across the globe provide examples of how the organizational performance can be improved. They include companies like Daimler, Tetra-Pak, Würth, Germany's Federal Employment Agency, the city of Aix-Les-Bains, and Giesecke & Devrient. Additional examples from organizations like Disney, Marriott, Volkswagen, Avis, FedEx, and Harrahs help to demonstrate how applying the concepts introduced adds unique value. The second edition of this book has been updated and improved. Additionally it includes a separate section on decision-making under uncertainty and the results of a survey on the adoption of business intelligence.

Making Strategy Work

Author : Lawrence G. Hrebiniak
File Size : 87.17 MB
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Without effective execution, no business strategy can succeed. This second edition delivers a powerful framework every leader can use to overcome the obstacles to successfully deploying business strategy. In this book, leading consultant and Wharton professor Lawrence Hrebiniak offers a comprehensive, disciplined process model for making strategy work in the real world. Drawing on his unsurpassed experience, Hrebiniak shows why execution is even more important than many senior executives realize, and sheds powerful new light on why businesses fail to deliver on even their most promising strategies. He offers a systematic roadmap for execution that encompasses every key success factor: organizational structure, coordination, information sharing, incentives, controls, change management, culture, and the role of power and influence in your business. With three new chapters, expanded coverage, and new examples, the Second Edition of this highly successful book is the definitive guide for turning strategy into action.

Effective Strategy Implementation

Author : Adele J. Huber
File Size : 21.98 MB
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the strategies' performance outcomes. Drawing on organizational learning theory, she identifies the organizational abilities and processes that constitute a firm's Strategy Implementation Capability construct and shows empirically that the concept is very valuable in explaining how innovative strategies translate into a firm's performance.

Strategic Analytics

Author : Alec Levenson
File Size : 70.37 MB
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More than ever, data drives decisions in organizations—and we have more data, and more ways to analyze it, than ever. Yet strategic initiatives continue to fail as often as they did when computers ran on punch cards. Economist and research scientist Alec Levenson says we need a new approach. The problem, Levenson says, is that the business people who devise the strategies and the human resources people who get employees to implement them use completely different analytics. Business analytics can determine if operational priorities aren't being achieved but can't explain why. HR analytics reveal potentially helpful policy and process improvements but can't identify which would have the greatest strategic impact. This book shows how to use an integrated approach to bring these two pieces together. Levenson presents a thorough and realistic treatment of the reasons for and challenges of taking an integrated approach. He provides details on the different parts of both enterprise and human capital analytics that have to be conducted for integration to be successful and includes specific questions to ask, along with examples of applying integrated analytics to address particular organizational challenges. Effective analytics is a team sport. Levenson's approach allows you to get the deepest insights by bringing people together from both the business and HR perspectives to assess what's going on and determine the right solution.

The Economist Successful Strategy Execution

Author : Michel Syrett
File Size : 82.87 MB
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Strategy-to-performance gaps foster a culture of under-performance Unrealistic plans create the expectation throughout the organisation that plans simply will not be fulfilled. This book shows how to overcome such failings and implement strategy effectively. Common failings include: Companies rarely track their performance against long-term plans - less than 15% of companies make it a regular practice to go back and compare the business' results with the performance forecast for each business unit in its prior years' strategic results Results rarely meet projections - when companies do track performance, it rarely matches the prior years' projection. The consequence is year-after-year of under-performance relative to the original plan A lot of value is lost in translation - a combination of poor communications, misapplied resources, limited accountability and lack of information creates an in-built strategy-to-performance gap

The DNA of Strategy Execution

Author : Jack Duggal
File Size : 73.20 MB
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A transformative framework to bring the PMO into the future The DNA of Strategy Execution provides clear guidance and a practical framework for moving forward amidst the dynamic changes in today's business environment. The PMO walks a tightrope between creativity and structure, between innovation and bureaucracy; demands for formal structures and discipline counter the need to be responsive and adaptive. This book provides a fresh perspective, with a real-world blueprint for the modern PMO. Through a set of practical tools, best practices, and a series of short supporting case studies from different industries, you'll discover how to strike the critical balance, prove value, and reconcile divergent needs into a more agile next generation PMO. The Project Management Office is a common fixture that is facing new challenges--many of which appear diametrically opposed. But today's turbulent and disruptive business environment demands a solution, and this insightful guide shines a light on the path forward. Build adaptive capabilities to thrive in uncertain environments Maintain creativity and innovation while building responsiveness Prove value amidst a perception of overhead and bureaucracy Maintain relevancy with a fresh perspective and transformative framework Today's environment is tough; stakeholders are no longer satisfied with on-scope, on-time, and on-budget delivery, and the PMO is under pressure to show their worth in the era of cost-cutting. It's up to the PMO itself to navigate these rapids without overturning the boat, and natural evolution is no longer enough; today's environment calls for a complete transformation to bring the PMO into the future. The DNA of Strategy Execution provides the plan, and the tools to bring it to life.

Project Portfolio Management s Contribution to Effective Strategy Execution

Author : Ignatius Wilhelm Ferreira
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Converting Simplicity as a Military Strategy Principle to a Successful Tool for Strategy Execution in a Geographically Dispersed Organisation

Author : George De Wet Barrie
File Size : 87.26 MB
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This research reports a case study conducted to determine whether the application of Simplicity as a military principle can assist a geographically dispersed organisation in executing strategy more effectively. An investigation was conducted into the main reasons why strategy execution is not fully effective in an identified geographical dispersed organisation. A survey and semi-structured interviews were conducted to identify these inhibitors. A comparison with existing literature identified the 4 main requirements to effective strategy execution in this organisation. A review of the application of Simplicity in the military context was completed. A comprehensive literature review, integrated with semi-structured interviews with general staff in the South African Army identified military approaches to Simplicity and its impact on execution successes. A conceptual content analysis matched successful military approaches to Simplicity with the main drivers of ineffective strategy execution in the organisation. The output was strategy execution inhibitors in the organisation, with matched approaches to Simplicity from interviews with military professionals. The compilation of a specific model and tools for simplification was proposed for the organisation. The output was a model for strategy execution at all levels, with tools and techniques discussed to ensure the simplification of strategic objectives in execution. Copyright.

Strategy Implementation

Author : Kurt Verweire
File Size : 46.57 MB
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Strategy implementation - or strategy execution - is a hot topic today. Managers spend significant resources on consulting and training, in the hope of creating brilliant strategies, but all too often brilliant strategies do not translate into brilliant performance. This book presents new conceptual models and tools that can be used to implement different strategies. The author analyses how market leaders have benefitted from successful strategy implementation and provides the reader with a comprehensive and systematic framework to tackle strategy implementation challenges. Have clear strategic choices been made? Are actions aligned with the strategy? What’s the organizational context for the strategy? In answering these simple questions, the book provides students of strategic management, along with managers involved in designing and implementing strategies, with a valuable resource.

Strategy Execution for Performance Excellence UUM Press

Author : Haim Hilman Abdullah
File Size : 56.27 MB
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Strategy Execution for Performance Excellence is a strategic book that is meant for two target groups. The first is for students studying management and business administration; both at undergraduate and postgraduate levels, where it is meant to be used as a capstone course after the students have been exposed to the various functioning areas of management. The second is for readers and practitioners who seek essential knowledge on strategic management. The book can help to understand the right strategy execution and confront the indeed main challenges you face in implementing strategies. This book focuses on execution – the business and functional level strategies needed to make strategy work and achieve performance excellence. If you are striving you can use the great strategic message in this book to achieve excellent performance and shape your organization’s future. Covering eight chapters, the book covers topic such as an introduction to strategy execution, theory based understanding, performance excellence, competitive strategy, strategic flexibility, sourcing strategy, effective strategy execution model and winning business success formula. We are explaining winning business success formula for the managers that we believe they can apply in their companies that aims to achieve performance excellence and competitive advantage in the current hyper-competitive business environment. The book presents contents in an accessible style, accompanied by local and global examples and situations. Each chapter starts and ends with knowledge objective, strategic quotes, summary and some review questions.

The Drivers and Inhibitors of Strategy Execution

Author : Thershen Chetty
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A review of the literature reveals that the ability to execute strategy is more important than the quality of the strategy itself. Researchers indicate that despite the importance of the strategy execution process, far more research has been carried out into strategy formulation rather than into strategy execution. The literature shows that executives fail to execute up to 70 percent of their strategic initiatives, this research set out to explore the drivers and inhibitors of executing strategy. This research involved a qualitative study which consisted of in-depth, face-to-face interviews. A total of 25 executives were interviewed from a large South African financial institution. Content and frequency analysis were used to extract key constructs from the data obtained during the interview process. The outcome of this research has resulted in drivers and inhibitors critical to effective strategy execution being explicitly defined. The findings have been used to develop an empirically based framework which highlights six key factors which must be considered simultaneously in order to successfully execute strategy. These are: obtaining top executive commitment, generating engagement at all levels, communicating a clear, tangible strategy, cascading accountabilities, selecting the best people to drive key initiatives, and the ability to monitor and track progress. Copyright.

The Execution Premium

Author : Robert S. Kaplan
File Size : 41.34 MB
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In a world of stiffening competition, business strategy is more crucial than ever. Yet most organizations struggle in this area--not with formulating strategy but with executing it, or putting their strategy into action. Owing to execution failures, companies realize just a fraction of the financial performance promised in their strategic plans. It doesn't have to be that way, maintain Robert Kaplan and David Norton in The Execution Premium. Building on their breakthrough works on strategy-focused organizations, the authors describe a multistage system that enables you to gain measurable benefits from your carefully formulated business strategy. This book shows you how to: Develop an effective strategy--with tools such as SWOT analysis, vision formulation, and strategic change agendas Plan execution of the strategy--through portfolios of strategic initiatives linked to strategy maps and Balanced Scorecards Put your strategy into action--by integrating operational tools such as process dashboards, rolling forecasts, and activity-based costing Test and update your strategy--using carefully designed management meetings to review operational and strategic data Drawing on extensive research and detailed case studies from a broad array of industries, The Execution Premium presents a systematic and proven framework for achieving the financial results promised by your strategy.

Strategic Execution Manual

Author : Michael J. Parise
File Size : 83.99 MB
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A company's ability to succeed greatly depends on its ability to execute its many business objectives. Too often companies fall short of meeting their commitments and expectations as a result of a failure to execute one or more of the elements within their overall set of business needs. This "Strategic Execution Manual" has been created to facilitate effective strategic execution by providing your organization with the methods necessary to effectively implement a comprehensive strategic planning process and then effectively manage the execution of the resulting plan. This "Strategic Execution Manual" is a no-nonsense guide that will provide step-by-step instructions and examples on the various aspects of a comprehensive strategic execution process. The outcome will be the creation of a comprehensive set of results, involving strong organizational alignment, leading to more effective execution in all aspects of your business. If the principles of this manual are effectively implemented a culture of strategic execution will become part of normal business operating practices.

You Can Lead With Change Collection

Author : Lawrence G. Hrebiniak
File Size : 34.81 MB
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A brand new collection of best practices for successfully driving change and executing on strategy… 2 authoritative books, now in a convenient e-format, at a great price! 2 authoritative Books help you execute on strategy and overcome the barriers to organizational change Even the highest-value strategies and most well-intentioned changes won't work if people don't execute on them. But, all too often, strategies aren't executed, and organizations don't change. This unique 2 Book package reveals why, and helps you overcome the specific obstacles to execution and change in your organization. In Making Strategy Work, Second Edition, Lawrence G. Hrebiniak presents a start-to-finish roadmap for formulating strategies that can be executed, and then executing them thoroughly and well. Updated and expanded throughout, this Book reflects new research at Wharton and beyond, new cases and techniques, and extensive new input from managers solving execution-related problems. Hrebiniak addresses issues including organizational structure, incentives, controls, coordination, information sharing, change management, culture, power, influence, and project management. In an expanded applications section, he applies his model to a wide range of challenging, real-world situations. This edition presents deeper analysis of strategy execution in global environments, techniques for linking project management to strategy, and executing on strategy in service organizations. Next, in It Starts with One, Third Edition, J. Stewart Black targets the #1 reason organizations don't change: the individuals within them can't change, because powerful mental maps stand in their way. Black offers a powerful, start-to-finish strategy for helping people redraw those mental maps, unleashing their power to deliver superior, sustained strategic change. He systematically identifies three brain barriers to change: failure to see, move, and finish. Then, he offers powerful tools, strategies, and solutions for overcoming all three. This edition is extensively revised to offer new insights, examples, and case studies -- from Facebook and Google to AMC and Lenovo. It concludes with a new five-step framework for integrating the elements of effective change leadership in real-world environments. You'll see this framework put to work through an important new case study: Deseret News, the rare newspaper that has learned to thrive in the digital era. If you're tasked with driving change or executing strategy, this collection gives you the tools you need to get the job done, even when others can't. From Lawrence G. Hrebiniak and J. Stewart Black, world-renowned experts in business strategy, execution, and change

Business Execution

Author : Sorin Dumitrascu
File Size : 51.6 MB
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Understanding the FundamentalsExecution is a complex business and has various driving factors. High performance companies usually have the skills in place to drive successful strategy execution. Also, the creation and communication of a clear strategy that's aligned with organizational vision and goals can effectively drive strategy execution.A company with the speed and ability to act quickly and make decisions is usually better equipped for execution. Companies must also secure employee engagement and capability and execution-focused leaders to implement strategies. Finally, a company must understand how customer demand and allocation of resources drive strategy execution.Barriers to execution arise when the company has unclear plans, when employees in the company lack understanding of the strategy, and when the strategy doesn't address employee skills and needs and doesn't provide a way to reward performance.Crafting a Business Strategy that ExecutesBusiness strategy involves making decisions about what a company should do and how it should allocate resources. You can execute the strategy once it's in place, but without a good strategy, execution won't happen smoothly. To create a strategy that executes, you first need to define the strategy by fully examining the business, its goals, and its environment.Defining the strategy involves performing three steps - clarifying the mission, vision, and values; reviewing the current situation; and creating strategy direction statements.The mission, vision, and values statements form the basis of the company's purpose, actions, and aspirations, and clarify why the company is in business. To review the current situation, you examine external influences, internal influences, and the existing strategy. In the final step, you use the information gathered during the first two steps to set targets for how the organization intends to create value in the future.Linking Strategy to People and OperationsCreating an exceptional strategy doesn't guarantee that it'll be executed successfully. To ensure your strategy is implemented effectively, it's important that employees understand how their work fits in with the big picture. You also need to translate strategy into tasks, and motivate employees by showing them how these tasks contribute to the strategy.When communicating your organization's strategy to employees, you must explain why the company has made this decision and communicate the strategy constantly using diverse methods. You need to communicate with those who'll eventually implement the strategy and explain its benefits to them. And you should communicate in ways that encourage employees to help shape the strategy.Monitoring and Evaluating InitiativesStrategies are only useful when they're implemented effectively. To ensure that a strategy is effective, execution needs to be monitored on an ongoing basis. There are four methods you can use to monitor strategy execution. These include action plans, strategic dashboards, strategic review meetings, and reviewing employee engagement.Action plans are informed by strategy maps and include individual work assignments assigned to individual employees. Strategic dashboards contain scorecard information along with detailed reports and data that executives can use to monitor the "health" of the company at a glance. Executives review feedback from strategic dashboards at strategic review meetings and discuss any problems with implementation.

Balanced Scorecard Evolution

Author : Paul R. Niven
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The best plan is useless without effective execution The future of business has become so unpredictable that your five-year plan may be irrelevant next week. To succeed in the modern market, you must constantly assess your progress and adapt on the fly. Agility, flexibility, continual learning, and adaptation are the new rules of business success. A differentiating strategy is crucial, but it will only lead to competitive advantage if you execute it flawlessly. You'll succeed only if you have the right insight for strategic planning and the agility to execute your plan. Balanced Scorecard Evolution: A Dynamic Approach to Strategy Execution provides the latest theory and practice from strategic planning, change management, and strategy execution to ensure your business is flexible, future ready, and primed for exceptional execution. Author Paul R. Niven guides you through the new principles of The Balanced Scorecard and shows you how to apply them to your planning and strategy execution endeavors. Read case studies that illustrate the theory and practice of strategic agility and execution Learn how to create the objectives, measures, targets, and strategic initiatives that can make your plan a reality Use the latest change management techniques to boost strategy execution success Gain the knowledge and tools you need to face your challenges head-on Motivate your employees to change behaviors toward plan accommodation Making a plan isn't enough. You must actually take steps to implement your plan, and this requires excellent leadership skills. Change can be hard, and your organization may be resistant. Balanced Scorecard Evolution: A Dynamic Approach to Strategy Execution provides everything you need to make things happen.

The Strategy Handbook Part 2 Strategy Execution

Author : Jeroen Kraaijenbrink
File Size : 39.94 MB
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In this second part of The Strategy Handbook, Jeroen Kraaijenbrink offers a refreshing and practical approach to strategy execution that completes the strategy process outlined in Part 1. Grounded in both research and practical experience, the book provides a structured approach to making strategy execution work. In an enjoyable and to-the-point style, The Strategy Handbook guides you through a four-step approach to strategy execution and shows you how this approach can be tailored to the specific needs of an organization. Like Part 1, the book comes with a wealth of advice, tools and checklists that can be applied immediately in the everyday practice of any organization wanting to execute strategy. The book serves as a complement to Part 1 but can also be used separately. The book is again easy to understand and to apply. Rooted in research though, it demonstrates a deep awareness of the complexity and difficulty of strategy execution in practice. Through this effective combination of simplicity and depth, Part 2 of The Strategy Handbook is a must-read for novices and more seasoned executives, managers and entrepreneurs.

Mapping a Winning Strategy

Author : Marc Baaij
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Mapping a Winning Strategy introduces a new mapping method for creating and executing an effective business strategy. By mapping out the most effective strategy, organizations can make winning operational choices in today’s VUCA (volatile, uncertain, complex and ambiguous) business environment.

Summary The Workforce Scorecard

Author : BusinessNews Publishing
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The must-read summary of Mark Huselid, Brian Becker and Richard Beatty's book: "The Workforce Scorecard: Managing Human Capital to Execute Strategy". This complete summary of the ideas from Mark Huselid, Brian Becker and Richard Beatty's book "The Workforce Scorecard" shows how corporate success today is fueled more and more by the performance of intangible assets. The most important of these intangibles is usually a firm’s workforce. In their book, the authors state that a firm must meet three challenges in order to maximise the contribution of its workforce: perspective, metrics and execution. This summary demonstrates how you can succeed in these challenges and get the most out of your employees. Added-value of this summary: • Save time • Understand key concepts • Expand your knowledge To learn more, read "The Workforce Scorecard" and find out how you can achieve strategic success in your company.

Essentials of Strategic Management

Author : Thomas Wunder
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Das praxisorientierte englischsprachige Lehrbuch behandelt alle Phasen des Strategieprozesses. Neben strategischer Analyse und Strategieentwicklung werden auch die wahren Herausforderungen des strategischen Managements, nämlich Operationalisierung und Umsetzung auf den verschiedenen Business-Ebenen, detailliert beleuchtet. Außerdem im Fokus: aktuelle Themen wie Business Modeling und Strategy Alignment. Optimal für englischsprachige Veranstaltungen an Hochschulen in Deutschland, Österreich und der Schweiz. Modern, kompakt, pragmatisch, praxisorientiert! Mit umfangreichen Übungsaufgaben und praxisorientierten Fallstudien für Studierende Mit Unterrichtshilfen für Dozenten