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Keynote - Make Your Strategy Come Alive 2-Hour Presentation

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Keynote - Make Your Strategy Come Alive 2-Hour Presentation

  1. 1. STRATEGY IMPLEMENTATION D0 you have an Asian pic
  2. 2. STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  3. 3. Fact: 90 per cent of organizations fail to execute their strategies successfully. The Balance Scorecard, Kaplan & Norton © Bridges Business Consultancy Int, 2005t STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  4. 4. STRATEGY Fact: Companies fail to successfully implement strategy not because of bad strategy, but bad execution. Ram Charan and Geoffrey Colvin, Fortune Magazine STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  5. 5. STRATEGY IMPLEMENTATION A long term study by Newcastle University, (1973 – 1989) showed that business success is governed more by how well strategies are implemented than how good the strategy is to begin with. © Bridges Business Consultancy Int, 2005t STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  6. 6. STRATEGY IMPLEMENTATION Leaders are underestimatingthe implementation challenge. STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  7. 7. “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.” Joseph Bowler, Professor of Business Administration at Harvard Business School © Bridges Business Consultancy Int, 2005t STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  8. 8. STRATEGY IMPLEMENTATION Would you prefer to have: A Good strategy implemented badly or B Bad strategy implemented well? STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  9. 9. Why Does Change Fail? © Bridges Business Consultancy Int, 2005t STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006 © Bridges Business Consultancy Int, 2005
  10. 10. STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2005t STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  11. 11. STRATEGY IMPLEMENTATION The Current Change Equation Vision, Mission & Values + Strategy = + Change © Bridges Business Consultancy Int, 2005t Management STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  12. 12. Make Your Strategy Come Alive
  13. 13. STRATEGY IMPLEMENTATION Implementation Challenge Vision, M Strategy ission & t Change Creation Values Implementation Management Go beyond traditional change management © Bridges Business Consultancy Int, 2005t STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  14. 14. Implementation
  15. 15. What is missing in strategy implementation today is a Framework. STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  16. 16. Implementation Compass™ – identify the action you need to take today to deliver tomorrow’s strategy. © Bridges Business Consultancy Int, 2005t STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  17. 17. 1. Assesses your readiness to implement your strategy 2. Assists in crafting your Implementation Plan 3. Identifies the actions you need to take today to deliver tomorrow’s strategy. STRATEGY Int, 2005t IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  18. 18. As we start to execute, we move from theory to practice, from planning to action from concept to implementation STRATEGY Int, 2005t IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  19. 19. 1. Turn to a partner and share your thoughts on the compass. 2. Which direction is the hardest to implement? 3. Which direction receives the most resistance? 4. Which direction is the least practiced among leaders?
  20. 20. How do people respond to change?
  21. 21. Dynamics Of Change STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  22. 22. Critical Mass 20% 60% 20% Saboteurs Mavericks Groupies Double Agents STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  23. 23. 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. STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  24. 24. 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
  25. 25. STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  26. 26. “You can divide any workforce into three categories: 1. people who are engaged (loyal and productive) 2. those who are not engaged (just putting in time), 3. 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 STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  27. 27. 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
  28. 28. “Mavericks – support the people who support you”
  29. 29. STRATEGY “Some where in your organization , groups of people are already doing things differently and better. To create lasting change, find these areas fan the of positive deviance and flames” Richard Pascale & Jerry Sternin “Your Companies Secret Chang Agents” HBR STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  30. 30. Leading each group… STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  31. 31. Mottos “It is easier to ask forgiveness than Mavericks it is to ask for permission” “Safety in numbers” Groupies “Status Quo” Saboteurs Double Agents “After all is said and done, more is said than done” STRATEGY IMPLEMENTATION © Bridges Business Consultancy Int, 2006
  32. 32. Bridges Products STRATEGY Available Today at special price
  33. 33. • 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 To purchase, please visit: www.bridgesconsultancy.com/accomodities/products.html
  34. 34. IMPACT Posters included in the Kit:
  35. 35. Free download of word version of presentations, brochure and purchase our products www.bridgesconsultancy.com Our upcoming seminar schedules http://twitter.com/speculand To stay connected http://www.linkedin.com/in/robinspeculand To view and contribute to our latest blogs and articles http://strategyimplementation.blogspot.com

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