Why strategy execution unravels and what to do about it?
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Strategy execution can unravel for a variety of reasons, including the following:
1. Poorly defined objectives: Without clear objectives, it can be difficult to assess performance, measure progress, and make mid-course corrections.
2. Lack of alignment: Without alignment between strategy and operations, there can be confusion about who is responsible for what and what resources are available.
3. Poor communication: Without clear communication of the strategy to all stakeholders, there can be a disconnect between the strategy and its execution.
4. Poor governance: Without a well-defined governance structure, decision-making can be inefficient and conflict can arise.
5. Poor performance management: Without an effective performance management system, it can be difficult to assess progress and identify areas for improvement.
To prevent strategy execution from unraveling, organizations should ensure that their objectives are clearly defined, that they have an effective alignment between strategy and operations, good communication to stakeholders, a well-defined governance structure, and effective performance management.