Implementation of strategy is the journey that is adjusted through redefinition, prioritization, and keeping clarifying the logical scenario for the goal to reach the clearly defined “to be” state of the business.
Organizational management should gain an in-depth contextual understanding of their organization to steer it in the right direction; build business management capacity to implement strategy successfully, improve business agility, and risk intelligence.
Logic and creativity are both critical to develop a good strategy: A key challenge for managers is to develop strategic thinking and understanding for designing a good strategy and improving strategy management effectiveness. The strategy is not a strategy if it lacks creativity. Organizational management rethink how they approach strategy formation through the creation of a culture of openness, creativity, and experimentation.
It's important for combining both analytical and intuitive cognitive styles to craft a good strategy. A good strategy is beyond the well-designed template filled out with goals and objectives, it should be more subject to challenges you face and provide a creative approach to overcoming them. When strategic complexity can be “visualized” in a better way; a good strategy is able to break an executive team out of tunneled vision, and transform into a creative, entrepreneurial and strategic perspective.
Good portfolio mix with selective business initiatives enables organizations to develop core capabilities for strategy implementation: All businesses have certain capabilities, what matters is uniqueness and maturity. The high-mature set of business capabilities can make organizations agiler and more innovative, to fulfill their strategy. The strategic plan drives an organizational initiatives portfolio mix. Both strategy and execution are the two equally important facets of business management. It’s important to apply the theories to the business reality; develop the next practices for leading business transformation.
The balanced initiative portfolio enables organizations to build long term business advantages, also reap some quick wins, to fulfill their strategy. In the respect of gaps between planning and implementation, uncertainty is the biggest problem in business today, strategic planning needs to become a "living process" with regular evaluation, scanning, listening, revisiting, experimenting, and potential course correction.
Information based workforce deployment & development expedite strategy implementation: People are the cause and effect; contributors and beneficiaries of smooth strategy implementation. Stakeholder involvement and engagement always makes the difficult paths of strategy management easier to tread. Everybody needs to be involved, at a certain point and at a certain stage of the strategy execution. Hence, it’s important to do information based talent analysis, develop and retain talent, and engage by identifying when, where and what type of workers will be needed in the future.
Individual contributors can perceive where they fit in the universe of work and it can bring a great sense of purpose to their work. From top down, to make a smooth strategy management, the right level of sponsorship will help to get the resources needed for execution. Workforce analytics will bring business leaders, workforce management together across the organization to share their experience and insight wherever there is a gap. Strong workforce analysis tool enables the management to understand the strength and weakness of people, put them in the right position to solve problems, and align the right talent to achieve business goals.
Strategy is a wish if it is not based on internal and external knowledge of the company; strategy is not practical if it has not considered realistic knowledge of human capacities, or based on account of all your operational realities. Strategy is unpredictable when it does not use data and analysis to support the goals. Implementation of strategy is the journey that is adjusted through redefinition, prioritization, and keeping clarifying the logical scenario for the goal to reach the clearly defined “to be” state of the business.
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