5 Ways the Best Companies Close the Strategy-Execution Gap
Michael C. Mankins
Partner | Transformation, Strategy and Organization expert, author and senior executive advisor
Great performance requires great strategy and great execution, but poor execution is often used as an excuse for flawed strategy. Today’s leaders need a new approach to strategy development. They can no longer define a plan over many years and then just do. Success requires identifying the next few steps along a broadly defined strategic path and then learning and refining as you go. This approach makes execution easier and increases the odds of delivering great results.
Today’s successful companies close the strategy-to-performance gap with a new strategy approach best described as “Decide-Do/Refine-Do”. This agile, test-and-learn approach is better suited to today’s tumultuous environment. It also helps bridge the chasms that exists at so many companies between great strategy, great execution, and great performance.
My latest HBR piece highlights five lessons that we’ve gleaned from what we see the best companies doing. You can read the full article at HBR.org.
Providing Leadership through APPRECIATION. Providing Relationships through TRUST. Providing Growth through HARD WORK. Providing Stewardship through FAITH. #goldenrule
6yGreat article by Michael C. Mankins. 'In a world where the best laid plans can go awry, companies that react quickly and effectively come out on top. Rigorous contingency planning is as important as disciplined action planning.' I would love to connect Michael. Please connect at smccauley@allpoints.fps.com cause I really would like to talk with you in more detail since this really resonated.