Execution – Part 2
Studies completed by Robert Kaplan and David Norton in The Strategy Focused Organization, HarvardBusiness School Press, have shown that 90 percent of well-formulated strategies fail due to poor execution.
Execution is a universal problem and it is not easy by any stretch of the imagination. I know as we recently went through our yearly strategic planning session, setting our goals and action plan for the coming year. The easy part was the planning stage with execution the hardest part yet to come. However, Harpst, in his new book, puts everything into a methodology of actionable steps to show you how to become better at execution and to move your business to the next level of growth.
- Strategy (Decide what is important)
- Plan (Set goals that lead)
- Organize (Align systems)
- Execute (Work the plan)
- Innovate (Be creative purposely)
- Learn (Step back, review, adjust)
Your plan should consist of a repeatable methodology that is measurable and revisited every quarter to make sure you are on track and to see if any part of the plan needs tweaking due to something you have learned along the way.
Take control of your destiny and success today by perfecting your planning and execution process. Because if you don’t; the world, as fast as it is changing, might just leave you behind.