The challenge of executing strategy requires both developing the right strategy execution tools and implementing the right strategy execution processes.
1. Both free and priceless at the same time
• The Strategy Network is an open network for professionals with interest and knowledge in
strategy
• We meet around three times a year in order to share best practice and exchange
knowledge around strategy
• More than 50 top companies in South Africa have joined
• No commitment, no fees. Confirmation of attendance is sufficient (Subject to availability)
2. Clare Gomes
Strategic Planning &
Communications Manager
At SMIT Amandla Marine
“The challenge of
executing the strategy
day to day”
3. OVERCOMING THE CHALLENGE OF
EXECUTING THE STRATEGY IN THE
DAY TO DAY
3
THE STRATEGY NETWORK
26 AUGUST 2014
4. 4
INDEX
1. Introduction to SMIT Amandla Marine
2. The Science of Strategy Execution
Tools
Processes
3. The Art of Strategy Execution
Change Management
Communicating the Strategy
4. In summary
5. 5
OUR COMPANY
Market leader for specialist marine solutions in
Southern Africa
− Established operations in South Africa and
Mozambique, with projects region-wide
Delivering solutions for marine offshore
requirements in the oil, gas and mining sectors
and for inshore port and marine services, as
well as vessel management
12% Employee Ownership
650 employees - leading employer of South
African seafarers
6. 6
“DOING THE SAME THING OVER AND
OVER AGAIN BUT EXPECTING
DIFFERENT RESULTS”
7. LOOKING INTO THE FUTURE
7
3 KEY PRIORITIES
Maintain current business in South Africa
Grow new business in South Africa and
Mozambique
Strengthen and prepare the company for the
future
9. 9
INDEX
1. Introduction to SMIT Amandla Marine
2. The Science of Strategy Execution
Tools
Processes
3. The Art of Strategy Execution
Change Management
Communicating the Strategy
4. In Summary
10. 10
STRATEGY MAP
Spending time on defining
the right things
Map defines clearly what you
want to achieve
Separation of strategic inputs
and strategic outcomes
Successful execution turns
on the accuracy of the
strategy map
11. 11
MEASUREMENT IS KEY
57 strategic measures defined
80% are things we had not
measured before
Critical to ensuring we are
making the right decisions at
the right times
12. INITIATIVES: WHERE IT ALL HAPPENS
12
23 strategic initiatives defined
Driven by senior managers and second level managers
Focus on introducing best practice and facilitating strategic alignment – “doing things
differently in order to bring about change”
Each initiative has:
− An initiative plan that is clear on scope, participants, deliverables and milestones
− A budget
− A sponsor and a manager
− A defined team
Execution of strategy takes place through initiatives
13. INDIVIDUAL ALIGNMENT
13
Personal scorecard
development
Alignment with measures in
strategy scorecard
Important organisation wide –
however, key is Senior and 2nd
Level Management
Clear line of sight to strategy
execution
14. 14
INDEX
1. Introduction to SMIT
2. The Science of Strategy Execution
Tools
Processes
3. The Art of Strategy Execution
Change Management
Communicating the Strategy
4. In summary
15. 15
CRITICAL STEPS
Defining, introducing, supporting and maintaining monitoring mechanisms
− Monitoring of measures
− Strategy Review Meetings
− Initiative Review Meetings
Allocating clear accountability
Entrenching processes so that they become a habit – consistent repetition
Getting the ‘right’ things on the map and in the scorecard, and focusing on executing
the ‘right’ initiatives is key – and where we have had the most ROI ito consultant
support
16. 16
MONITORING OF MEASURES &
STRATEGY REVIEW
Gathering measure data
Commenting on measures
and objectives
Setting an agenda
Facilitating meetings
Making decisions
Committing to action
17. 17
INITIATIVE REVIEW
Management of Initiatives is important – this is the effort driving the change
This requires the commitment and visibility of the MD or CEO, attending monthly
meetings per initiative, focused on
• Short term progress and achievements
• Short term deliverables
• Team involvement
• Support required
Share progress by developing a quarterly initiative progress report – keeping senior
and second level management informed
Develop an ‘induction process’ for those sponsoring and managing initiatives
• Workshop what ‘success’ looks like
• Define and explain what is expected from Initiative Managers
• Agree performance measurement criteria
• Train in basic project management
18. 18
INITIATIVES DRIVING CHANGE…
• Ignite energy flow within the organisation – people want to be part of them
• Involve conversation and consultation
• Facilitate collaboration
• Driven with energy and enthusiasm
• Involve doing things differently
• Involve 2nd Level Managers in the consultations
• S-T-R-E-T-C-H: those involved feel the burn
19. 19
SUPPORTING CHANGE
• Daily record keeping of allocation of time
introduced at Senior Management Level
• Link to strategy scorecard through an
objective
• Link to personal scorecard ito time dedicated
to strategy execution
• Monthly reporting to the team wrt
performance against set targets
• Closes the loop wrt execution of initiatives
• Reinforces time devoted to 2nd level
empowerment
21. 21
INDEX
1. Introduction to SMIT
2. The Science of Strategy Execution
Tools
Processes
3. The Art of Strategy Execution
Change Management
Communicating the Strategy
4. In Summary
23. 23
CHANGE MANAGEMENT
• Managing energy: yours and the team
• Being aware of the ‘critical mass’ dynamic – and managing
proactively
• Identifying, pursuing “quick wins”
• Celebrating milestones – even though the journey continues
• Motivation that go beyond measurement and monitoring
• Connecting the dots – systems thinking
24. 24
INDEX
1. Introduction to SMIT
2. The Science of Strategy Execution
Tools
Processes
3. The Art of Strategy Execution
Change Management
Communicating the Strategy
4. In Summary
30. 30
COMMUNICATING THE STRATEGY
• Presenting vs Engaging
• Involving and encouraging participation
• Evoking accountability for action
• Facilitating leadership visibility
• Equipping Senior Managers to engage with all levels of the business
• Maintaining the increased communication levels
• Channels for dealing with ‘housekeeping issues’
• Feedback mechanisms
• Identification of key themes
• Follow up actions
31. 31
INDEX
1. Introduction to SMIT
2. The Science of Strategy Execution
Tools
Processes
3. The Art of Strategy Execution
Change Management
Communicating the Strategy
4. In Summary
32. 32
IN SUMMARY
• Spend time on defining what you are going to do differently and how
• Put the right tools in place to reinforce change – and then use them
• Leadership and involvement of the MD / CEO is key
• Achieve balance between the science and the art required to gain
momentum
• Release the energy of the organisation and open employee
engagement channels
33. 33
WHAT I HAVE LEARNT
• Expect the unexpected
• Strong, visible, confident leadership is not a choice
• Constant “recalculating” is key to ensure we reach our destination
• People’s capacity to embrace change often exceeds their own
expectations
• Setbacks are healthy – the comebacks are often worth it
• The map is not the territory
• Hold your course
PRESENTER’S NOTES:
Introduce yourself to the group. Explain what you do, how long you have been at SAM, perhaps a personal fact or two.
Thank the group for taking time to be present and emphasise the importance of having them there.
Scope the group that makes up the audience that you are presenting to – it’s always good to know who’s listening to you
Some tips on how you can “break the ice” and bring people “into” the moment
Ask each person to share something with the group that we don’t know about them – you’ll be surprised at how this focusses minds. Sometimes people may share something deeply personal – please validate them when they share. Some techniques: “I can see that this is important to you – thanks for sharing” – or “I can see you really care about this issue” – thanks for sharing”
If it is a larger group, you could ask by show of hands: - how many people in the audience are below the age of 35, how many in the audience have worked here for longer than 5 years, how many in the audience play a sport, how many of you are Stormers fans etc…
The aim of this is to ensure that the atmosphere is a bit more informal – you can have a bit of fun with this! ;-)
PRESENTER’S NOTES
This slide really pulls together the previous slides and talks to a summary of what we do
Our Mission Statement talks to what our company does,
Our Strategy is a high level outline of what the rest of the presentation will detail
PRESENTER’S NOTES
This slide really pulls together the previous slides and talks to a summary of what we do
Our Mission Statement talks to what our company does,
Our Strategy is a high level outline of what the rest of the presentation will detail
PRESENTER’S NOTES
Looking ahead, we’ve identified opportunities for growth in the region – we now have three clear priorities going forward
We’ve also spent a good deal of time on defining the way in which our company needs to improve and strengthen in order to realise these opportunities and be ready for the future.
PRESENTER’S NOTES
This slide really pulls together the previous slides and talks to a summary of what we do
Our Mission Statement talks to what our company does,
Our Strategy is a high level outline of what the rest of the presentation will detail
PRESENTER’S NOTES
This slide really pulls together the previous slides and talks to a summary of what we do
Our Mission Statement talks to what our company does,
Our Strategy is a high level outline of what the rest of the presentation will detail
PRESENTER’S NOTES
This slide really pulls together the previous slides and talks to a summary of what we do
Our Mission Statement talks to what our company does,
Our Strategy is a high level outline of what the rest of the presentation will detail
PRESENTER’S NOTES
This slide really pulls together the previous slides and talks to a summary of what we do
Our Mission Statement talks to what our company does,
Our Strategy is a high level outline of what the rest of the presentation will detail
PRESENTER’S NOTES
This slide really pulls together the previous slides and talks to a summary of what we do
Our Mission Statement talks to what our company does,
Our Strategy is a high level outline of what the rest of the presentation will detail
PRESENTER’S NOTES
But to be ready for this identified growth that we outlined in the previous slide, we need to transform our company on a number of levels
Very briefly – outline the ‘to’ scenario – i.e focus on the kind of company we need to transform into to support growth
PRESENTER’S NOTES
This slide really pulls together the previous slides and talks to a summary of what we do
Our Mission Statement talks to what our company does,
Our Strategy is a high level outline of what the rest of the presentation will detail
PRESENTER’S NOTES
But to be ready for this identified growth that we outlined in the previous slide, we need to transform our company on a number of levels
Very briefly – outline the ‘to’ scenario – i.e focus on the kind of company we need to transform into to support growth
PRESENTER’S NOTES
But to be ready for this identified growth that we outlined in the previous slide, we need to transform our company on a number of levels
Very briefly – outline the ‘to’ scenario – i.e focus on the kind of company we need to transform into to support growth
PRESENTER’S NOTES
This slide really pulls together the previous slides and talks to a summary of what we do
Our Mission Statement talks to what our company does,
Our Strategy is a high level outline of what the rest of the presentation will detail
PRESENTER’S NOTES
This slide really pulls together the previous slides and talks to a summary of what we do
Our Mission Statement talks to what our company does,
Our Strategy is a high level outline of what the rest of the presentation will detail
PRESENTER’S NOTES
Explain that we’re going to start rolling out this presentation across the company in the weeks to come and we’ll be issuing a poster that will look similar to this one – which is the strategy map just discussed
PRESENTER’S NOTES
This is important – so spend some time on this slide. We’re not looking for answers only – we’re looking for engagement (i.e get a conversation going)
The intention of this slide is that it remains up whilst those listening to the presentation discuss either in the group or as smaller groups what they can do to do things ‘better’ in support of the strategy
The focus should be on the individual – what can YOU do or what can YOU change
Please give about 5 - 10 minutes for this discussion (either in small groups, as pairs, or as the whole group if it is small) – with time for feedback
A quick way of getting feedback in a bigger group after discussions is to ask them to sum up in one word what they can change or focus on in order to support the strategy – some examples from recent sessions “Attitude”, “Reliability”, “Consistency”, “Smile”, “Listen”
If people battle, ask questions like “What do you do?” – “How can you do your job better or more efficiently”.
Or give them examples: Our company driver said he can contribute to the strategy by driving safely and interacting with his passengers more. During the discussion, he said he could be safer if he had a “hands-free kit”. This is an example of what a colleague can do to support the strategy – “Do what he does every day – only better, safer, more efficienctly”
PRESENTER’S NOTES
But to be ready for this identified growth that we outlined in the previous slide, we need to transform our company on a number of levels
Very briefly – outline the ‘to’ scenario – i.e focus on the kind of company we need to transform into to support growth
PRESENTER’S NOTES
This slide really pulls together the previous slides and talks to a summary of what we do
Our Mission Statement talks to what our company does,
Our Strategy is a high level outline of what the rest of the presentation will detail
PRESENTER’S NOTES
But to be ready for this identified growth that we outlined in the previous slide, we need to transform our company on a number of levels
Very briefly – outline the ‘to’ scenario – i.e focus on the kind of company we need to transform into to support growth
PRESENTER’S NOTES
But to be ready for this identified growth that we outlined in the previous slide, we need to transform our company on a number of levels
Very briefly – outline the ‘to’ scenario – i.e focus on the kind of company we need to transform into to support growth