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Executing on Strategy
Strategy in Action - Strategy Execution
1.  the importance of the practice of execution
and how it is so often neglected and
forgotten,
2.  the 3 most important themes in successful
strategy execution - hearts, minds and
hands
3.  …….and the traps that you can fall into on
the long execution road
Strategy Execution – to cover today
Strategy in Action - Strategy Execution
“However beautiful the strategy, you
should occasionally look at the results” –
Sir Winston Churchill
Strategy in Action - Strategy Execution
•  Strategy execution is several processes
•  A “team sport”
•  A specific execution skill set
•  Time dependent
•  Short and Long term thinking
What is Strategy Execution?
Strategy in Action - Strategy Execution
•  88% of senior execs acknowledge importance of execution and
61% say they struggle with it (The Economist)
•  55% of execs say their company is “not focused on executing
strategy (PwC)
•  APAC lags other regions in usage rates of strategic tools (Bain &
Co)
•  One third of companies realise <50% of their financial promise
(HBR)
•  Cooperation, communication, coaching and training lacking in
important areas (HRI)
Strategy Execution Facts
Strategy in Action - Strategy Execution
Execution is a specific set of behaviours
and techniques that companies need to
master in order to have competitive
advantage. It’s a discipline of its own.”
Ram Charn and Larry Bossidy
Strategy in Action - Strategy Execution
•  65% of companies that invest in execution report
better financial performance than their peers (The
Economist)
1.  How do I make people care about my idea enough
that they are willing to figure out how they can
contribute to it’s success?
2.  How do I make others aware of what the idea is
about – aware enough that they can make
autonomous decisions that positively impact success?
3.  How do I keep my people moving along and energise
them to keep going down the execution path, even if
I am not around?
Alcoa’s Success = 3 questions
Strategy in Action - Strategy Execution
Source : jeroen-de-flander.com
Anon’s Success = Contributing and Belonging
Strategy in Action - Strategy Execution
Source: UGM Consulting
Successful Strategies need People
Strategy in Action - Strategy Execution
1.  Make people care
2.  Keep people focused
3.  Make the decisioning process clear
4.  Simplify things
5.  Tell stories
6.  Get involved
7.  Educate others
7 things to do…
Strategy in Action - Strategy Execution
Source : jeroen-de-flander.com
1.  Just because everyone is busy executing, doesn’t
mean the business is ALIGNED
Lessons I have learned
Strategy in Action - Strategy Execution
Source : theperformancefactory
When “Yes” means “No”
Strategy in Action - Strategy Execution
Just	
  because	
  someone	
  said	
  yes	
  to	
  you	
  doesn’t	
  
mean	
  something	
  is	
  going	
  to	
  happen.	
  Most	
  of	
  
the	
  “yeses”	
  we	
  get	
  are	
  “noes”	
  in	
  disguise”	
  
1.  Just because everyone is busy executing, doesn’t
mean the business is ALIGNED
2.  Good execution doesn’t necessarily mean you stick to
a plan
Lessons I have learned
Strategy in Action - Strategy Execution
Source : theperformancefactory
1.  Just because everyone is busy executing, doesn’t
mean the business is ALIGNED
2.  Good execution doesn’t necessarily mean you stick to
a plan
3.  Don’t make the mistake of thinking that
COMMUNICATION has lead to UNDERSTANDING
Lessons I have learned
Strategy in Action - Strategy Execution
Source : theperformancefactory
1.  Just because everyone is busy executing, doesn’t
mean the business is ALIGNED
2.  Good execution doesn’t necessarily mean you stick to
a plan
3.  Don’t make the mistake of thinking that
COMMUNICATION has lead to UNDERSTANDING
4.  Don’t confuse a performance culture with an
execution culture
Lessons I have learned
Strategy in Action - Strategy Execution
Source : theperformancefactory
Strategy in Action - Strategy Execution
How are you rewarding your high-performers?
1.  Just because everyone is busy executing, doesn’t
mean the business is ALIGNED
2.  Good execution doesn’t necessarily mean you stick to
a plan
3.  Don’t make the mistake of thinking that
COMMUNICATION has lead to UNDERSTANDING
4.  Don’t confuse a performance culture with an
execution culture
5.  Poor execution is not necessarily poor executive
leadership
Lessons I have learned
Strategy in Action - Strategy Execution
Source : theperformancefactory
•  You need a “strategy” for executing your
strategy and it involves engaging a lot of
people
•  Use all the best practices you have available
as well as some psychology and
neuroscience
•  DO NOT create/write your strategy alone
•  Try to keep communication simple!
Tips for good strategy and execution
Strategy in Action - Strategy Execution
A simple execution model….
Strategy in Action - Strategy Execution
Source:Jeroen-De-Flander.com
‘Strategy is only as good as the execution
behind it,’ (COO of the LEGO Group, Bali
Padda, Forbes).
LEGO unseated Ferrari this year when it
topped the 2015 global ranking of the world’s
most powerful brands
Strategy in Action - Strategy Execution
Questions?

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strategyexecutionNov2015

  • 1. Executing on Strategy Strategy in Action - Strategy Execution
  • 2. 1.  the importance of the practice of execution and how it is so often neglected and forgotten, 2.  the 3 most important themes in successful strategy execution - hearts, minds and hands 3.  …….and the traps that you can fall into on the long execution road Strategy Execution – to cover today Strategy in Action - Strategy Execution
  • 3. “However beautiful the strategy, you should occasionally look at the results” – Sir Winston Churchill Strategy in Action - Strategy Execution
  • 4. •  Strategy execution is several processes •  A “team sport” •  A specific execution skill set •  Time dependent •  Short and Long term thinking What is Strategy Execution? Strategy in Action - Strategy Execution
  • 5. •  88% of senior execs acknowledge importance of execution and 61% say they struggle with it (The Economist) •  55% of execs say their company is “not focused on executing strategy (PwC) •  APAC lags other regions in usage rates of strategic tools (Bain & Co) •  One third of companies realise <50% of their financial promise (HBR) •  Cooperation, communication, coaching and training lacking in important areas (HRI) Strategy Execution Facts Strategy in Action - Strategy Execution
  • 6. Execution is a specific set of behaviours and techniques that companies need to master in order to have competitive advantage. It’s a discipline of its own.” Ram Charn and Larry Bossidy Strategy in Action - Strategy Execution •  65% of companies that invest in execution report better financial performance than their peers (The Economist)
  • 7. 1.  How do I make people care about my idea enough that they are willing to figure out how they can contribute to it’s success? 2.  How do I make others aware of what the idea is about – aware enough that they can make autonomous decisions that positively impact success? 3.  How do I keep my people moving along and energise them to keep going down the execution path, even if I am not around? Alcoa’s Success = 3 questions Strategy in Action - Strategy Execution Source : jeroen-de-flander.com
  • 8. Anon’s Success = Contributing and Belonging Strategy in Action - Strategy Execution Source: UGM Consulting
  • 9. Successful Strategies need People Strategy in Action - Strategy Execution
  • 10. 1.  Make people care 2.  Keep people focused 3.  Make the decisioning process clear 4.  Simplify things 5.  Tell stories 6.  Get involved 7.  Educate others 7 things to do… Strategy in Action - Strategy Execution Source : jeroen-de-flander.com
  • 11. 1.  Just because everyone is busy executing, doesn’t mean the business is ALIGNED Lessons I have learned Strategy in Action - Strategy Execution Source : theperformancefactory
  • 12. When “Yes” means “No” Strategy in Action - Strategy Execution Just  because  someone  said  yes  to  you  doesn’t   mean  something  is  going  to  happen.  Most  of   the  “yeses”  we  get  are  “noes”  in  disguise”  
  • 13. 1.  Just because everyone is busy executing, doesn’t mean the business is ALIGNED 2.  Good execution doesn’t necessarily mean you stick to a plan Lessons I have learned Strategy in Action - Strategy Execution Source : theperformancefactory
  • 14. 1.  Just because everyone is busy executing, doesn’t mean the business is ALIGNED 2.  Good execution doesn’t necessarily mean you stick to a plan 3.  Don’t make the mistake of thinking that COMMUNICATION has lead to UNDERSTANDING Lessons I have learned Strategy in Action - Strategy Execution Source : theperformancefactory
  • 15. 1.  Just because everyone is busy executing, doesn’t mean the business is ALIGNED 2.  Good execution doesn’t necessarily mean you stick to a plan 3.  Don’t make the mistake of thinking that COMMUNICATION has lead to UNDERSTANDING 4.  Don’t confuse a performance culture with an execution culture Lessons I have learned Strategy in Action - Strategy Execution Source : theperformancefactory
  • 16. Strategy in Action - Strategy Execution How are you rewarding your high-performers?
  • 17. 1.  Just because everyone is busy executing, doesn’t mean the business is ALIGNED 2.  Good execution doesn’t necessarily mean you stick to a plan 3.  Don’t make the mistake of thinking that COMMUNICATION has lead to UNDERSTANDING 4.  Don’t confuse a performance culture with an execution culture 5.  Poor execution is not necessarily poor executive leadership Lessons I have learned Strategy in Action - Strategy Execution Source : theperformancefactory
  • 18. •  You need a “strategy” for executing your strategy and it involves engaging a lot of people •  Use all the best practices you have available as well as some psychology and neuroscience •  DO NOT create/write your strategy alone •  Try to keep communication simple! Tips for good strategy and execution Strategy in Action - Strategy Execution
  • 19. A simple execution model…. Strategy in Action - Strategy Execution Source:Jeroen-De-Flander.com
  • 20. ‘Strategy is only as good as the execution behind it,’ (COO of the LEGO Group, Bali Padda, Forbes). LEGO unseated Ferrari this year when it topped the 2015 global ranking of the world’s most powerful brands Strategy in Action - Strategy Execution