Most companies struggle with strategy execution; some don’t even know how to implement it. What could you be doing wrong?
70% of change efforts fall short of desired results. Statistics like these show that the financial losses are massive for corporations big and small. The primary challenge of improving performance using strategic change is implementation; however, those who realize this problem, look for a solution in the wrong places.
Executives often emphasize the importance of conveyance in strategy execution and while communication is important, it’s not the decisive factor for success. Of course communication is essential but there can be influential, tacit messages that often severely affect eloquence.