Initiatestrategyimplementation

It is the responsibility of each individual to examine themselves and to make sure they are open to true understanding.

A digital strategy is cross-functional effort, multidisciplinary, multidimensional planning; it brings up new functions, roles, collaboration, demand for intuition and emergence, complementarities, philosophy, neutron sciences, and trans-disciplinary businesses. And digital strategy execution is not linear steps, but an iterative continuum.

 Strategy Implementation

Initiatestrategyimplementation The "view of the digital landscape” has many dimensions, rapid change, constant disruptions and fierce competition is the reality. If you are not different, you are a commodity. Nowadays strategy management is a dynamic process that needs to be constantly adjusted to adapt to “VUCA” reality. Strategy execution is difficult, there are many roadblocks on the way. It’s important for managers to take a holistic view or an outside-in perspective, keep their eyes on the higher horizons, focus on what matters the most, identify what generates the most value for the company and express that in strategic objectives with clarity. There are complexity factors to execute strategy and there is no “one size fits all” strategy execution formula.

InnatestrategyimplementationII We are living in a complex world in which development, competition, interventions, and conflicts are continuously changing and that makes it impossible to have a complete knowledge and understanding of many issues facing the business today. Strategy developed by the stakeholders and the executive team together is the choices made by a firm on where and how it chooses to compete and cooperate in order to achieve its goals, and strive to fulfill its mission. Strategies really are not meaningful unless they include an implementation plan.

Innerstrategicconnection The strategy is the art of designing a way of navigating and effectively utilizing available resources to attain a clearly defined strategic objective. It’s the roadmap to achieve a vision of what organizations want to be, to achieve. Digital strategy is a living process with iterative steps and a dynamic continuum. There are different pieces of components in strategy execution; there are varying dots you could connect, and there are different tools you could leverage to improve strategy effectiveness.

Initiatestrategyimplementationiii We are at the intersection of industry age and digital era; the knowledge economy and creativity economy, the enterprises today need to become more open and responsive, the strategy management is multidimensional and multipath-driven. Execution is more difficult due to its complexity and the culture or resistance. Many companies spend a significant portion of time formulating rock solid strategies, but execution does not get the same attention which leads to misalignment with business objectives and not achieving the expected results. In practice, perhaps it takes a short time to develop a good enough strategy, but it takes months or years to execute it effectively.

Initiatestrategyexecutioncontinuum Given the “VUCA” normality of the business complexity and given the challenges of ever-evolving dynamic ecosystems, business strategies today are usually dynamic and have a lot of moving parts. The quality of execution depends a lot on the quality of the strategy. A good strategy diagnoses the most critical problems that affect a business's competitive position, clarify multipath logic, set choices for taking step-wise actions to achieve expected results.

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