It is the responsibility of each individual to examine themselves and to make sure they are open to true understanding.
Initiate Strategy Execution
Initiatestepwisestrategyimplementationcontinuum In today’s “VUCA '' business dynamic, strategic planning and execution are a continuous cycle of organizational adaptation to a changing world. The best strategies offer a somewhat clear path for implementation while the worst are vague or unrealistic.
Initiateiterativestrategycontinuum Organizations large or small are on the journey of business transformation for adapting to the changing dynamic of the business ecosystem. In the organizational setting, business strategy relates to the high level definition of an organization’s vision, objectives and the key initiatives that are required to pursue business objectives given a particular starting point.
Initiateprioritizedimplementation The digital world is so data-driven and information-intensive, there are varying distractions and fierce competitions these days, digital leaders and professionals need to concentrate on things that really matter. The leaders or digital professionals with strategic wisdom would have a clear vision to pursue the large scale of transformation; the courage to step into the uncharted water, the agility to adapt to changes and have their perseverance to keep a laser focus on the most important things for achieving high performance results.
Initiatemplementation Increasing pace of changes and fierce disruptions are the new normal, statistically, strategy implementation has a very low success rate. Increasing global connectivity, uncertainty, chaos and ever-rising customer & employee expectations perhaps are some of the reasons behind this gap. There is no good strategy without execution and there is no good execution of a bad strategy. Execution, or implementation is always more important than design in a “VUCA” world. Yet the act of planning or design is important as a way of gaining shared intents. Implementation of strategy is the journey that is adjusted through the redefinition, prioritization, and control of the strategic initiatives.
Implementationofstrategy Nowadays, companies across industries experience unprecedented ambiguity, uncertainty, disruptions, and fierce competitions, the evidence points to strategy emerging rather than being prescribed. They need to weave all critical business factors such as processes, technologies, people, culture, etc, into differentiated competencies, and overcome the varying challenges for improving the strategy execution success rates.
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