Kim Warren on Strategy
Strategy insights and living business models
Strategy Execution
HBR is dusting off some old but useful articles in this collection Maximize Your Strategy.
Three Keys to Effective Execution at least makes the point that great strategy is no use if it is not implemented well and fast. Unfortunately, the advice is a bit too self-evident and general to be helpful – you should [a] maintain your focus [b] develop tracking systems and [c] set up formal reviews.
Turning Great Strategy into Great Performance reports research on the large gap between hoped-for and realised results from strategic plans, and offers some rules to close the gap – good-enough pointers, if again rather self-evident and generic:
- Keep it simple, make it concrete
- Debate assumptions, not forecasts
- Use a rigorous framework, speak a common language
- Discuss resource deployments early
- Clearly identify priorities
- Continuously monitor performance
- Develop and reward execution capabilities
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