Strategic thinking is necessary for personal, professional, and business growth. Strategic thinking needs strategic execution too. About business, lack of accountability is the main culprit for execution failure. Some of the causes for execution failure are lack of communication, commitment, resources, support, collaboration, and, more as explained in the ppt. When we understand the business problems, it helps us to find the solutions. A 360 view on strategy, process, technology, value, skills, workforce, leadership style, and cultural qualities improves success rate in strategy execution. Only, a smart business strategist can assist businesses to solve the problem and gain a competitive advantage. https://www.thestrategyinstitute.org/

1. SMART STRATEGIES REQUIRE
SMARTER BUSINESS STRATEGIST !

2. The fail percentages of Strategy
Execution found in scientific
studies range from as low as 7%
and as high as 90%, With an
average of about 50%.
0 25 50 75 100
100
75
50
25
0
Fact Alert
- Forbes

3. A Successful Business Strategist Must Know:
Why Strategy Execution Fails?

4. Reasons for Strategy
Execution Failure
2
Lack of Commitment
and Change In Priorities
4
Missing Collaboration
And Fragmented
Actions
1
Communication Gap
3
Insufficient or
Inadequate
Resources
5
Ambiguous and
Conflicting Goals

5. 6
No or Unclear Path
to move forward
8
Lack of Performance
Analysis
7
Ambiguous
Responsibilities
9
Silo Behavior And
Sub-Optimization
10
Wrong or Ineffective
Culture
Reasons for Strategy
Execution Failure

6. 12
Complex Execution
design
11
Willingness to accept
Change
14
Delay, Plans Are Not
Met
13
Lack of Management
Capabilities
15
Improper Budget
Allocation
Reasons for Strategy
Execution Failure

7. 16
Lack of support from
Middle Management
18
Poor Leadership
Drive
17
Alignment between
goals and desired
change
Reasons for Strategy
Execution Failure

8. MUST-KNOW 360 FRAMEWORK FOR A BUSINESS
STRATEGIST TO AVOID A STRATEGIC PITFALLS

9. Elegance Strategy
Process
TechnologySkills
Workforce
Co-Create
Value
360 FRAMEWORK

10. STRATEGY
What should we do to solve
the specified problem in
order to gain competitive
advantage?
PROCESS
What Structure Do We
Need To Execute The
Strategy?
360 FRAMEWORK

11. TECHNOLOGY
What Business System Do
We Need To Use or Invent
In Order To Execute The
Strategy?
CO-CREATE VALUE
Which of Our Principles
Help Us? Why Do We Do,
What We Do In The Way
We Do It?
360 FRAMEWORK

12. WORKFORCE
How Should We Help Our
Managers In Their Growth? 360 FRAMEWORK
SKILLS
What Are The Specific Skills
That Will Help Us? What
Skills Do We Need To
Develop?
ELEGANCE
What Leadership Style And
Cultural Qualities Will Help
Us Achieve A Strategic
Objective?

13. An Execution Failure In Strategy May
Hold a Business Back From Seeking
Significant Growth.
Thus, The Business World Demands
Highly Skilled Business Strategy
Professionals More Than Ever.

14. It’s High Time To Pivot Your Career In Business
Strategy And Stay Ahead In This
Hypercompetitive Job Market
https://www.thestrategyinstitute.org/