Most organizations excel at evaluating their current situation and formulating strategies to exploit either their own strengths, or the weakness of the competition. However, putting those strategies into operation remains a challenge for most. Statistics indicate that as many as 70 percent of strategic initiatives fail to realize the intended business benefits. The initiative is completed: all the tasks are checked off, the system is installed and the initiative team is disbanded. But the business benefits never materialize.
Our experience indicates that operationalizing a strategic initiative is a multi-faceted challenge that requires leadership attention to a broad range of key dimensions including:
- Strategic Intent
- Vanguard Leadership
- Process Integrity
- People Readiness
- Organizational Context
Neglecting any of these critical areas increases the risk of a ‘go-live’ failure—an initiative that is completed, but without business impact.
RWD’s Strategy Execution services are designed to help initiative leaders plan and execute in a focused manner to drive realization.