Keynote-Make Your Strategy Come Alive-2 Hours Session

D0 you have an Asian pic STRATEGY IMPLEMENTATION

STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006

The Balance Scorecard, Kaplan & Norton of organizations fail to execute their strategies successfully. Fact: 90 per cent © Bridges Business Consultancy Int, 2005t STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006

Companies fail to successfully implement strategy not because of bad strategy, Fact: STRATEGY but bad execution. Ram Charan and Geoffrey Colvin, Fortune Magazine STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006

A long term study by Newcastle University, (1973 – 1989) showed that business success is governed more by than how good the strategy is to begin with. how well strategies are implemented STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2005t STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006

Leaders are underestimating the implementation challenge. STRATEGY IMPLEMENTATION Warning STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006

Joseph Bowler, Professor of Business Administration at Harvard Business School “ One of the criticisms we would have of some of our colleagues who have studied strategy (and some consultants who advice on strategy) is that they assume that once you design strategy it gets executed. They don’t look inside the process and realize that its much more complicated.” © Bridges Business Consultancy Int, 2005t STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006

Would you prefer to have: A Good strategy implemented badly or STRATEGY IMPLEMENTATION B Bad strategy implemented well? STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006

The story of strategy implementation so far… STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2005t STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006

The Current Change Equation RESULTS STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2005t Vision, Mission & Values Strategy Change Management + + = x 9 out of 10 companies NOT FOR STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006

Make Your Strategy Come Alive Bridges Eight Years Research

What the one in ten successful companies do different

Change Management Implementation STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2005t

Go beyond traditional change management

Implementation Challenge Vision, Mission & Values t Strategy Creation STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006

Implementation

W hat is missing in strategy implementation today is a Framework . STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006

© Bridges Business Consultancy Int, 2005t Implementation Compass™ – identify the action you need to take today to deliver tomorrow’s strategy. STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006

Assesses your readiness to implement your strategy

Assists in crafting your Implementation Plan

Identifies the actions you need to take today to deliver tomorrow’s strategy.

© Bridges Business Consultancy Int, 2005t As we start to execute, we move from theory to p r a c t i c e , from planning to a c t i o n from concept to i m p l e m e n t a t i o n STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006

2. Which direction is the hardest to implement? 4. Which direction is the least practiced among leaders? 1. Turn to a partner and share your thoughts on the compass. 3. Which direction receives the most resistance?

How do people respond to change?

Dynamics Change Of STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006

20% 60% 20% Groupies Mavericks Saboteurs Double Agents Critical Mass STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006

Double Agents Secret Code

N.A.T.O.

F.O.T.M.

S.S.D.D.

S.S.D.C.

T.I.N.A.

B.O.H.I.C.A.

Double Agents switch partly because they are called to arms far too often and on too many occasions for failed attempts. STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006

“ You can divide any workforce into three categories:

people who are engaged (loyal and productive)

those who are not engaged (just putting in time),

those who are actively disengaged (unhappy and spreading discontent).

U.S. workers are 26 percent engaged, 55 percent not engaged, and 19 percent actively disengaged.

Marcus Buckingham

In Applebee’s casual dinning segment of the restaurant business, where they have high turnover, they measure the staff turnover of the top 20% of performers, the middle 60% and the bottom 20%. Managers are rewarded for their success in retaining the top 80% and not penalized when the bottom 20 performer leaves the company. STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006

“ Mavericks – support the people who support you ”

“ Some where in your organization , groups of people are already doing things differently and better . To create lasting change, find these areas of positive deviance and fan the flames” Richard Pascale & Jerry Sternin “ Your Companies Secret Chang Agents” HBR STRATEGY STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006

Mottos “ It is easier to ask forgiveness than it is to ask for permission” “ Safety in numbers” “ Status Quo” “ After all is said and done, more is said than done” Groupies Saboteurs Double Agents STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006 Mavericks

STRATEGY Bridges Products Available Today at special price

To purchase, please visit: www.bridgesconsultancy.com/accomodities/products.html

Team Leader Guide

Team Member Guide

Mentor Guide

Posters

Certificate

Wobblers

Facilitation Tips card

Door Handler

Post It Notes

Pens

A copy of Turning It On

Table material

USB Flash Disk containing soft copies of material for reuse

IMPACT Posters included in the Kit:

http://twitter.com/speculand http://www.linkedin.com/in/robinspeculand To follow latest activities To stay connected To participate in our discussions http://www.slideshare.net/my-slidespace To download our presentations www.bridgesconsultancy.com To purchase products & services http://strategyimplementationblog.com/