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Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
Webinar - Strategy: Dont Just Plan...EXECUTE!
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Webinar - Strategy: Dont Just Plan...EXECUTE!

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Strategy Snapshot Webinar - Session 1. …

Strategy Snapshot Webinar - Session 1.

Discussion on focus for speeding up the strategy planning process with emphasis on continuous management and execution.

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  • 1. Are you Bridging Your Strategy Execution Gap? Strategy: Don’t Just Plan…EXECUTE! discover • plan • execute • succeed
  • 2. Are you executing your strategy? discover • plan • execute • succeed
  • 3. Are You Executing Your Strategy? "82% of Fortune 500 CEO's feel their organization did an effective job of strategic planning. Only 14% of the same CEO's indicated that their organization did an effective job of implementing the strategy.“ discover • plan • execute • succeed
  • 4. Are You Executing Your Strategy? “62% of more than 1,500 executives describe their organizations as mediocre – or worse – at strategy execution” discover • plan • execute • succeed
  • 5. Are You Executing Your Strategy? "90% of organizations fail to execute their strategies successfully." “95% of a typical workforce doesn't understand its organization's strategy" discover • plan • execute • succeed
  • 6. Poll Question Our business strategy is integrated throughout the organization, not just with the executive team. discover • plan • execute • succeed
  • 7. Its About Execution Top CEO Concerns discover • plan • execute • succeed
  • 8. What It Means Make It Happen vs. Let It Happen It’s About Execution! discover • plan • execute • succeed
  • 9. Traditional Strategic Planning is DEAD! • You can’t plan 3 – 5 years into the future R.I.P. TRADITIONAL • Strategy is not just role of Executive STRATEGIC Team PLANNING • Most companies can create a strategy in 3 days that is 90% as good as one it might create in 90 days discover • plan • execute • succeed
  • 10. Traditional Strategic Planning Strategic Analysis & BSC / Strategy Maps Prioritization CEO Communication to Management Team Source: Alignment, Kaplan & Norton Source: Alignment, Kaplan, Norton discover • plan • execute • succeed
  • 11. Integrate Strategic Planning into Organization • Strategy Review • Environmental Assessment • Strategy Formulation • Strategy Management discover • plan • execute • succeed
  • 12. The Strategy-Execution Gap The Strategy Execution Gap is the variance between management's strategic plans and the organization's actual execution or implementation of those plans. Alignment Maturity Model High Medium Strategy Execution Low Gap Strategy Gap Execution • Vision • Knowledge • Alignment • Strategies • Strategic Change • Measurement • Activities • Ability to Execute • Accountability discover • plan • execute • succeed
  • 13. Strategy Execution Gap • Business is constantly changing – Competitive Landscape – New Information & technologies – Changing Worker Habits/Needs • Companies must adapt and drive • How much do you consider your internal and external environment when formulating strategy? discover • plan • execute • succeed
  • 14. External Forces discover • plan • execute • succeed
  • 15. Did You Know? • Top 10 in-demand Jobs in 2010 did not exist in 2004 • US Department of Labor estimates today’s learner will have 10-14 jobs by age 38 • 1-4 employees have been with their current employer for less than a year discover • plan • execute • succeed
  • 16. Years to Reach Market Audience of 50 Million Radio - 38 Years TV - 13 Years Internet - 4 Years iPod - 3 Years Facebook - 2 Years discover • plan • execute • succeed
  • 17. Did You Know? • Amount of new technical information is doubling every 2 years discover • plan • execute • succeed
  • 18. Did You Know? discover • plan • execute • succeed
  • 19. Poll Question How concerned are you about the speed of change and its effect on your business environment? discover • plan • execute • succeed
  • 20. Does Your Organization Have a Pulse? • How in-tuned is your organization to these forces? • Is IT Keeping up? • How prepared is HR? • What about other business functions? • What about the Management Team? discover • plan • execute • succeed
  • 21. Changes in Fortune 1000 Top 20 Are You Built To Change? ? 60% 2003 - 2013 45% 1993 – 2003 1983 - 1993 35% 1973 - 1983 Source: Built to Change, Lawler, Worley, 2006 discover • plan • execute • succeed
  • 22. Execute or Die Vs. discover • plan • execute • succeed
  • 23. Executing and Dictating Outcomes discover • plan • execute • succeed
  • 24. Are You Bridging Your Strategy Execution Gap? • Will you be in business in 1 – 3 years? • How will your business change? • Do you have a strategy? • Are you executing? discover • plan • execute • succeed
  • 25. Is Your Organization Able to Execute? • Do you have the strategic assets to execute? – Financial Capital – Human Capital – Information Capital • Are your business processes converting your strategic assets into customer/shareholder value? • How relevant, timely and accurate is your information? • When was the last capability assessment performed in your organization? discover • plan • execute • succeed
  • 26. Strategic Alignment Strategic Alignment is the coordinated deployment of strategic assets (human, financial, & information capital) to achieve corporate strategies and is the foundation of strategy execution. Strategy Execution Human Financial Information discover • plan • execute • succeed
  • 27. Alignment – Horizontal & Vertical Organizational Units fail to coordinate, have conflicting goals and priorities, and often compete for resources, resulting in poor strategy execution. Without With • Horizontal Alignment breaks down silos across functions • Vertical Alignment keeps every level of organization focused on corporate strategies discover • plan • execute • succeed
  • 28. Poll Question How would you characterize the alignment of your organization? discover • plan • execute • succeed
  • 29. Complexity Handicaps Execution • Simplify the management of strategy • Streamline decision making • Must compress strategy cycle time • Measure deployment of strategic assets • Common Terminology & Communication discover • plan • execute • succeed
  • 30. Business Simplicity Value Chain Vision Balanced Scorecard Mission SWOT Analysis Corporate Strategy Porter’s Five Forces Business Strategy Strategies Competitive Advantage Strategy Maps Strategic Planning Strategy Portfolio Grand Strategy Activities Values Seven ‘S’ Framework Goals discover • plan • execute • succeed
  • 31. Vision • How do you want to be perceived by customers? • What do you seek to create as a company? • Vision serves as north star to guide the company discover • plan • execute • succeed
  • 32. Strategies • Strategy is the course we chart, the journey we imagine, and at the same time, it is the course we steer, and the trip we actually make • Strategies are the overall themes of activities we engage in to achieve our vision • Strategic initiatives are defined to support the strategies of the organization discover • plan • execute • succeed
  • 33. Activities • What we engage in on a daily basis as an organization, department, individuals that support the implementation of strategic initiatives and overall corporate strategies • Activities link your human, financial, and information capital (Strategic Assets) to your strategies and vision discover • plan • execute • succeed
  • 34. Poll Question We have a dynamic strategic management process that facilitates flexibility, adaptability, and execution. discover • plan • execute • succeed
  • 35. Strategy Learning Cycle Quality and Velocity discover • plan • execute • succeed
  • 36. Strategic Management Systems discover • plan • execute • succeed
  • 37. Traditional Strategic Planning BSC / Strategy Maps Do you have time for protracted strategy cycles? Source: Alignment, Kaplan & Norton Source: Alignment, Kaplan, Norton discover • plan • execute • succeed
  • 38. BSC Strategy Map – Confusing? Financial Enhance Organizational Capability Enhance effectiveness of HR Vision Performance Provide operational excellence through efficient HR practices contributions to business performance Sr. Executives Managers Employees Strategies Internal Customer Get the right people in the right place at the Be knowledgeable & trusted advisor Support achievement of business objectives Promote a global diverse Provide competitive Provide opportunity to right time culture rewards advance career Activities Internal • Attract , Develop, & Retain Talent Develop leadership pipeline Drive Organizational Performance • Align individual performance objectives to business outcomes • Transform HR into Strategic Asset Understand & anticipate business needs Processes • Attract MDs into R&D • Transform performance management process • Consult on talent solutions • Facilitate movement of talent across org into business performance tool • Improve HR best-practices awareness • Manage contingent workforce effectively • Align/leverage reward system with strategy • Develop efficient & effective HR processes • Attract & develop employees/leaders • Make innovation & customer satisfaction part of aligned to business outcomes every job • Manage change initiatives effectively Create Alignment Create Capability •Identify HR activities that drive business performance •Identify required KSAs, behaviors, values required •Link people and processes to organizational strategy •Identify strategic job families that deliver results •Identify actionable metrics to measure effectiveness •Define competency model for job families •Partner with IT to execute HR technology strategy Human Capital Information Capital Organizational Capital Assets Learning & •Knowledge, skills, abilities & values •Improve business acumen •Global Core HRIS system •Talent Management System •Know business needs •Strategic identity •Develop strategic HR competencies •HR data warehouse •Manage change Growth •Enhance and communicate EVP •Digital HR •Align workforce to strategy discover • plan • execute • succeed
  • 39. Simplify Strategic Management Vision Your Vision Strategies Initiatives Activities Alignment & Capability Assets Human Financial Information discover • plan • execute • succeed
  • 40. Strategy Execution Lifecycle Strategic Horizontal Planning Alignment Environmental Vertical Analysis Alignment Strategy Strategic Formulation Alignment Strategy Strategy Strategic Review Change Execution Measurement Empowerment Accountability discover • plan • execute • succeed
  • 41. Simplified Strategic Solutions (S3) Business Execution Strategic Strategy Framework Initiative Workshops Portfolio Strategy Capability Risk Assessment Management 2 Plan Simplified Alignment 3 Execute Strategic Debrief 1 Discover Strategic Change Solutions Strategic 4 Succeed Strategic Alignment Alignment Questionnaire Scorecard discover • plan • execute • succeed
  • 42. Thank You! The Strategy Snapshot Next Webinar: Tuesday, December 1, 2009 Rick Hayes Mitch Ellner rick.hayes@cncstrategy.com mitch.ellner@cncstrategy.com discover • plan • execute • succeed

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