Introduction to

Strategy Implementation

STRATEGY IMPLEMENTATION

Strategy implementation has been growing in importance in business and is now recognized as a

field within its own right.

STRATEGY IMPLEMENTATION

A leader today needs both the skills to craft the strategy and the ability to implement it.

STRATEGY IMPLEMENTATION

Is the percentage of strategies

successfully implemented.

Based on Bridges research from 2002

The Balanced Scorecard,

Kaplan & Norton

of organizations fail to

execute their strategies

successfully.

90 per cent

STRATEGY

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STRATEGY IMPLEMENTATION

Companies fail to

successfully implement

strategy not because of

bad strategy,

Fact: STRATEGY

but bad execution.

Ram Chandra and Geoffrey Colvin,

Fortune Magazine, 1999

STRATEGY IMPLEMENTATION

STRATEGY IMPLEMENTATION

Warning:

Leaders are habitually

underestimating the

implementation challenge.

STRATEGY

STRATEGY IMPLEMENTATION

Like making a plan to diet or exercise, it is not the plan itself that makes the difference, it is

implementing it.

STRATEGY IMPLEMENTATION

STRATEGY

STRATEGY IMPLEMENTATION

Strategy is about making the

right choices.

Implementation is about taking the

right actions.

STRATEGY IMPLEMENTATION

STRATEGY IMPLEMENTATION

STRATEGY IMPLEMENTATION

1999 Fortune magazine published the oft-quoted cover story by Ram Charan and Geoff Colvin, “Why CEOs Fail”. It explained, “Organizations fail to successfully implement strategy not because of bad strategy but because of bad execution.” 2002, Ram Charan followed up this article by teaming up with Larry Bossidy to write Execution: The Discipline of Getting Things Done. The book introduced the field of execution to business leader and why execution is important. Bridges publishes research stating nine out of 10 implementations fail.

STRATEGY IMPLEMENTATION

2005 Robin Speculand published Bricks to Bridges: Make Your Strategy Come Alive based on the research that 9 out of 10 times strategy fails and provided a framework for strategy implementation. 2009 Bridges Business Consultancy Int launched the first blog dedicated to strategy implementation.

STRATEGY IMPLEMENTATION

2010-12 A furry of books on strategy implementation/execution are published. 2013 The Implementation Hub – a portal for your implementation success is launched to provide leaders with the tips, tools and techniques required to successfully implement strategy. www.implementation-hub.com

STRATEGY IMPLEMENTATION

The Challenge

STRATEGY IMPLEMENTATION

A contributing factor to the high number of failed implementations is:

when leaders return to their offices after

creating their challenge, they are commonly

left on their own to work out how to implement it.

STRATEGY IMPLEMENTATION

Leaders must oversee the implementation journey and ensure staff members are

taking the right actions.

STRATEGY IMPLEMENTATION

Successful implementation means leaders must translate the strategy into actions that staff members can take every

day and then oversee the implementation.

STRATEGY IMPLEMENTATION

Implementation requires extra effort.

In reality, however, very few are able to free up valuable time and resources to do justice to the

implementation journey or even willing.

STRATEGY IMPLEMENTATION

Implementation without: Without Vision = Confusion Results Without Skills = Anxiety Results Without Resources = Frustration Results Without Motivation = Slow Change Results Without Leadership = False Start Results Without Action = Failure Results

STRATEGY IMPLEMENTATION

Excellence in execution is not about doing one or two things well, such as changing measures

or communicating the strategy.

It is about doing eight things well.

STRATEGY IMPLEMENTATION

STRATEGY IMPLEMENTATION

Implementation Compass

People Support

Biz Case Urgency

Communicate What’s Happening

Measure Performance

Culture Alignment

Process Synergize

Reinforce Right Actions

Review Discipline of Doing

STRATEGY IMPLEMENTATION

STRATEGY IMPLEMENTATION

“Strategy is about deciding what to do, execution is about getting it done. Both

are essential skills for a modern leader.”

McKinsey & Company

STRATEGY IMPLEMENTATION

STRATEGY

“ Never mistake motion for action.”

Earnest Hemingway

STRATEGY IMPLEMENTATION

STRATEGY

“Theory is splendid, but until put into practice it is valueless .”

James Cash Penny (1875-

1971) Founder of JC Penny

STRATEGY IMPLEMENTATION

STRATEGY

“Everything in life is mind over matter. If you don’t mind, it doesn’t matter.”

Satchel Paige (1906-1982),

Baseball Pitcher

STRATEGY IMPLEMENTATION

Introduction to

Strategy Implementation

www.bridgesconsultancy.com