Barriers to Execution
This is an excellent executive report. Crisp, very relevant and timely information – well done. It’s consistent with some interesting findings from the Kaplan-Norton ‘Strategy Execution’ program I attended a few months ago.
BARRIERS TO STRATEGY EXECUTION
• 85% of the executive team spends less than 1 hour a month discussing strategy
• 60% of organizations do not link budgets to strategy
• 5% of workforce understands their companies strategy
• Only 25% of the managers, have incentives linked to overall strategy
Translating the plan to explicit operational objectives (planning the execution) is critical to success and an area that most companies don’t do particularly well. Cerius’ Executive Outlook Survey supports the gap in this most important area.