Successful Strategy Execution

A few thoughts on Successful Strategy Execution that I want to share here,

In today’s fast-paced, highly competitive global environment, governments need to move aggressively and effectively to optimize their performance and achieve their goals. The main challenge lies not only in setting the right goals but also in successfully executing those goals, updating them with changes in the external and internal environments, and disseminating information about goals, targets, and actual performance data across the huge government structure and outside to the media and public.

• § Clear dissemination of strategic direction and objectives horizontally and vertically throughout the organization
• § Aligning all enterprise activities with the strategy
• § Cascading the strategy and execution plans up to the individual levels
• § Clear ownership and accountability for strategy execution
• § Defined measurable KPIs and targets
• § Consistent follow-up on execution results to tweak and align plans and goals
• § Continuous monitoring of environment to avoid strategic drift
• § Linkage of decisions to the reasons they were made in order to keep their purpose in mind and also to allow them to be revised and tuned later on

 

The software system that supports the strategic management process is an integral part of successful execution in modern organizations. This system acts as the backbone that allows storage, communication, tracking, and analysis of the strategic performance of the organization. This system must provide for all the requirements for successful strategy execution mentioned above in order to effectively support the organization in the successful implementation of strategy, in addition to offering the tools to monitor and tune the execution process and its relation with the pursued objectives.

The need for such a system arises from the complexity of strategy execution and the challenges involved in ensuring continuous alignment of the organization with its strategies, rather than the execution processes.