Execution model

Indicators: Good Data • Important information about DRAFT competitive environment gets to HQ quickly. Components of Successful Execution • Information flows freely across boundaries. Indicators: Strategic Clarity Indicators: Strategic Clarity • Field and line employees usually • Strategies are achieved have info needed to understand through defined and tracked bottom‐line impact of day‐to‐day initiatives. choices. • Success is clearly defined and • Managers have access to metrics communicated. needed to measure the key drivers needed to measure the key drivers • Metrics measure progress p g of their business. Good Data Strategic Clarity and achievement. • Tactics are shifted to adapt to •Relevant data •Long‐term objectives & short‐ market and industry flux and •Knowledge sharing & term goals collaboration •Implementation roadmap opportunity. •Early warning signals •Strategic stability & tactical agility •Success measuresIndicators: Change Management• Stakeholders are identified Leadership and engaged. Change • Clarity Right Resources Indicators: Right Resources• Stakeholders have incentives Management • Accountability •Knowledge, skills, & abilities • Everyone has a good idea of for changing behavior. •MMessages •Time allocation & the decisions and actions for •Stakeholder engagement • Support• Plans are made to bridge the performance incentives which he or she is responsible. •Transition management gap between current and •Roles, responsibilities, & • Once made, decisions are •Incentives for behavior & decision rights future state. achievement rarely second‐guessed. • Decisions are made at the lowest appropriate level. Project Structure Project Structure • The implementation team has The implementation team has necessary KSAs. •Project reviews & status • Individual expectations are reports clearly defined. Indicators: Project Structure •Process • People’s time is allocated to • Projects are managed using a the project. standard methodology. • Templates are available to avoid reinventing the wheel. • Regular, data‐based project reviews are conducted.References include: Secrets to Successful Execution (2008, HBR), Turning Great Strategy into Great Performance (2007, HBR), Execution (2002), and other sources.

Execution model

by Maya Townsend on Jun 21, 2011

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Execution model — Presentation Transcript