Execution model

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A model outlining components of successful project and strategy implementation. For a free execution capability assessment, go to http://www.partneringresources.com/articles/Tool_Execution_Capability_Assessment.aspx

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Execution model

  1. 1. 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.

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