Transcript
Page 1: Webinar - Strategy: Dont Just Plan...EXECUTE!

Strategy: Don’t Just Plan…EXECUTE!

Are you Bridging Your Strategy Execution Gap?

discover • plan • execute • succeed

Strategy: Don’t Just Plan…EXECUTE!

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Are you executing your strategy?

discover • plan • execute • succeed

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Are You Executing Your Strategy?

"82% of Fortune 500 CEO's feel their

organization did an effective job of strategic

planning. Only 14% of the same CEO's indicated

that their organization did an effective job of

implementing the strategy.“

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implementing the strategy.“

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Are You Executing Your Strategy?

“62% of more than 1,500 executives describe

their organizations as mediocre – or worse – at

strategy execution”

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Are You Executing Your Strategy?

"90% of organizations fail to execute their

strategies successfully."

“95% of a typical workforce doesn't

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“95% of a typical workforce doesn't

understand its organization's strategy"

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Poll Question

Our business strategy is integrated throughout the organization, not just with the executive team.

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Its About Execution

Top CEO Concerns

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What It Means

Make It Happen vs. Let It Happen

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It’s About Execution!

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Traditional Strategic Planning is DEAD!

R.I.P.

TRADITIONAL

STRATEGIC

PLANNING

• You can’t plan 3 – 5 years into the future

• Strategy is not just role of Executive Team

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PLANNINGTeam

• Most companies can create a strategy in 3 days that is 90% as good as one it might create in 90 days

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Traditional Strategic Planning

Strategic Analysis &

Prioritization

CEO Communication to

BSC / Strategy Maps

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Source: Alignment, Kaplan, Norton

CEO Communication to

Management Team

Source: Alignment, Kaplan & Norton

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Integrate Strategic Planning into Organization

• Strategy Review

• Environmental Assessment

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• Strategy Formulation

• Strategy Management

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The Strategy-Execution Gap

High

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The Strategy Execution Gap is the variance between management's strategic plans and the organization's actual execution or implementation of those plans.

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Medium

Low

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Strategy Execution• Vision• Strategies• Activities

• Alignment• Measurement• Accountability

• Knowledge• Strategic Change• Ability to Execute

Gap

Strategy Execution

Gap

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Strategy Execution Gap

• Business is constantly changing– Competitive Landscape– New Information & technologies– Changing Worker Habits/Needs

• Companies must adapt and drive

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• Companies must adapt and drive

• How much do you consider your internal and external environment when formulating strategy?

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External Forces

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Did You Know?

• Top 10 in-demand Jobs in 2010 did not exist in 2004

• US Department of Labor estimates today’s learner

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estimates today’s learner will have 10-14 jobs by age 38

• 1-4 employees have been with their current employer for less than a year

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Years to Reach Market Audience of 50 Million

Radio - 38 Years

TV - 13 Years

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Internet - 4 Years

iPod - 3 Years

Facebook - 2 Years

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Did You Know?

• Amount of new technical information is doubling every 2 years

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Did You Know?

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Poll Question

How concerned are you about the speed of change and its effect on your business environment?

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Does Your Organization Have a Pulse?

• How in-tuned is your organization to these forces?

• Is IT Keeping up?

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• How prepared is HR?

• What about other business functions?

• What about the Management Team?

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Changes in Fortune 1000 Top 20

1993 – 2003

2003 - 201360%

?Are You Built To

Change?

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Source: Built to Change, Lawler, Worley, 2006

1973 - 1983

1983 - 1993

1993 – 2003

35%

45%

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Execute or Die

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Vs.

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Executing and Dictating Outcomes

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Are You Bridging Your Strategy Execution Gap?

• Will you be in business in 1 – 3 years?

• How will your business change?

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• How will your business change?

• Do you have a strategy?

• Are you executing?

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Is Your Organization Able to Execute?

• Do you have the strategic assets to execute?– Financial Capital– Human Capital– Information Capital

• Are your business processes converting your strategic

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• Are your business processes converting your strategic assets into customer/shareholder value?

• How relevant, timely and accurate is your information?

• When was the last capability assessment performed in your organization?

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Strategic Alignment

Strategic Alignment is the coordinated deployment of strategic assets (human, financial, & information capital) to achieve corporate strategies and is the foundation of strategy execution.

Strategy Execution

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Financial

Human

Information

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Alignment – Horizontal & Vertical

• Horizontal Alignment breaks down silos across functions

Without With

Organizational Units fail to coordinate, have conflicting goals and priorities, and often compete for resources, resulting in poor strategy execution.

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across functions

• Vertical Alignment keeps every level of organization focused on corporate strategies

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Poll Question

How would you characterize the alignment of your organization?

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Complexity Handicaps Execution

• Simplify the management of strategy

• Streamline decision making

• Must compress strategy cycle time

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• Must compress strategy cycle time

• Measure deployment of strategic assets

• Common Terminology & Communication

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Business Simplicity

Vision

Strategies

Mission

Balanced Scorecard

Porter’s Five Forces

SWOT Analysis

Business Strategy

Corporate Strategy

Value Chain

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Activities

Competitive Advantage

Grand StrategyStrategy Portfolio

Strategy Maps

Goals ValuesSeven ‘S’ Framework

Strategic Planning

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Vision

• How do you want to be perceived by customers?

• What do you seek to create as a company?

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• Vision serves as north star to guide the company

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Strategies

• Strategy is the course we chart, the journey we imagine, and at the same time, it is the course we steer, and the trip we actually make

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• Strategies are the overall themes of activities we engage in to achieve our vision

• Strategic initiatives are defined to support the strategies of the organization

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Activities

• What we engage in on a daily basis as an organization, department, individuals that support the implementation of strategic initiatives and overall corporate strategies

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initiatives and overall corporate strategies

• Activities link your human, financial, and information capital (Strategic Assets) to your strategies and vision

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Poll Question

We have a dynamic strategic management process that facilitates flexibility, adaptability, and execution.

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Strategy Learning Cycle

Quality and Velocity

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Strategic Management Systems

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Traditional Strategic Planning

Do you have time for

protracted strategy cycles?BSC / Strategy Maps

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Source: Alignment, Kaplan, Norton

Source: Alignment, Kaplan & Norton

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BSC Strategy Map – Confusing?

Internal Processes

Internal Customer

Financial Performance

Attract , Develop, & Retain Talent

• Develop leadership pipeline

Drive Organizational Performance• Align individual performance objectives to

business outcomes

Transform HR into Strategic Asset

• Understand & anticipate business needs

Enhance Organizational Capability

Get the right people in the right place at the

right time

Be knowledgeable & trusted advisor

Provide competitive

rewards

Support achievement of business objectives

Provide opportunity to advance career

Sr. Executives Managers Employees

Provide operational excellence through efficient HR practices

Enhance effectiveness of HR contributions to business

performance

Promote a global diverse

culture

Strategies

Activities

Vision

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Learning & Growth

Processes

Create Alignment

•Identify HR activities that drive business performance•Link people and processes to organizational strategy•Identify actionable metrics to measure effectiveness•Partner with IT to execute HR technology strategy

•Identify required KSAs, behaviors, values required•Identify strategic job families that deliver results•Define competency model for job families

Create Capability

Information Capital•Global Core HRIS system•Talent Management System•HR data warehouse•Digital HR

Organizational Capital•Know business needs•Strategic identity•Manage change•Align workforce to strategy

Human Capital•Knowledge, skills, abilities & values•Improve business acumen•Develop strategic HR competencies•Enhance and communicate EVP

• Develop leadership pipeline • Attract MDs into R&D• Facilitate movement of talent across org• Manage contingent workforce effectively• Attract & develop employees/leaders

business outcomes• Transform performance management process

into business performance tool• Align/leverage reward system with strategy• Make innovation & customer satisfaction part of

every job

• Understand & anticipate business needs • Consult on talent solutions• Improve HR best-practices awareness• Develop efficient & effective HR processes

aligned to business outcomes• Manage change initiatives effectively

Assets

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Simplify Strategic Management

Your VisionVision

Strategies

Activities

Initiatives

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Human Financial InformationAssets

Alignment & Capability

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Strategy Execution Lifecycle

VerticalAlignment

StrategicPlanning

HorizontalAlignment

Strategy Formulation

EnvironmentalAnalysis

StrategicAlignment

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StrategicChange

Measurement

Accountability

Empowerment

Strategy Review

StrategyExecution

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Simplified Strategic Solutions (S3)

Capability Assessment

Strategy Workshops

BusinessExecution

Framework Strategic Initiative Portfolio

Strategy Risk

Management

Plan2

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Simplified Strategic Solutions

Strategic Alignment

Questionnaire

Alignment Debrief

Strategic Alignment Scorecard

Strategic Change

Discover1 Execute3

Succeed4

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Thank You!

The Strategy Snapshot

discover • plan • execute • succeed

Rick [email protected]

Mitch [email protected]

Next Webinar: Tuesday, December 1, 2009


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