Tuesday, September 15, 2020

The Monthly “Leadership Master” Book Tuning: Improve Strategy Execution Effectiveness Sep. 2020

 Running a digital business requires well managing strategic thinking - planning- action- measurement continuum.

Leadership is complex yet simple: Complex in that there are so many traits and characteristics that are considered when evaluating a leader. Simplicity in that the substance of leadership never changes, it’s all about the future and change; direction and dedication; influence and innovation. 

The purpose of the book: Leadership Master - Five Digital Trends to Leap Leadership Maturity is to convey the vision of digital leadership, share the insight about leadership maturity, and summarize five emergent digital leadership trends

         Improve Strategy Execution Effectiveness 

“Does Superior Execution Require the Leaders’ Inquisitiveness? The characteristic of the Digital Era is the increasing rate of change and continuous disruption, and this isn’t going to change. Preparing a strategic plan is important because it points the organization in a direction where it can maximize its value position and reap as many benefits as possible. But the more challenging part is strategy execution, statistically more than two-thirds of strategy implementations fail to achieve the expected result. How to diagnose the root causes of problems? Does superior execution require the leader's inquisitiveness? And what is the best scenario to manage the strategy execution continuum?

“Good Start is Half Done” as a Mantra of Strategic Execution Planning It is the “VUCA” digital era with higher volatility, uncertainty, complexity, ambiguity, hyper-connectivity, and interdependence, traditional linear management style has sort of lost the steam; some have fallen by the wayside entirely. In reality, too many organizations maintain the overly restrictive hierarchy, separate thinking and doing, or take strategic planning and implementation as the separate entities with linear steps.

Close Multiple Linkages Between Strategy and Tactics The strategy is not just one of the things a leader does, it is the most important thing to reach the business vision and it's about creating tomorrow's organization out of today. Sound strategy and solid execution are both important.

The Perspectives of Strategy Thinking - Planning - Action- Effect Strategic thinking is about change and starting the end in mind. The strategic part of the planning process is the continual attention to current changes in the organization and its external environment. Action is always part of a good strategy. It is incumbent on the organization to prove its capability to achieve high-performance business results and deliver unique and differentiated customer experiences consistently. Running a digital business requires well managing strategic thinking - planning- action- measurement continuum for accelerating business performance and understanding business results dynamically.

How to Improve the Effectiveness of Strategy Execution The word "strategy" is pretty amorphous with so many individual interpretations and nuances of its meaning that conversations about it often go astray amidst a blizzard of the latest buzzwords. To make it worse, more than 70% of strategy fails in execution. It is about many different matters like resistance to change, silos or units with competing agendas, lack of clear and decisive leadership, leadership actions inconsistent with strategy, poor communication of strategy, lack of accountability on follow-through; inability to measure impact, too focused on short-term results, and maybe the most popular and big obstacle: making it meaningful to frontiers, translating strategy to execution, aligning jobs to strategy. So how to improve strategy execution effectiveness?

The “Future of CIO” Blog has reached 3 million page views with about 7100+ blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The content richness is not for its own sake, but to convey the vision and share the wisdom. Blogging is not about writing, but about thinking; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify your voice, deepen your digital footprints, and match your way for human progression.


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