How smart leaders translate strategy into execution
CEOs are ever so often good at setting goals but fail in implementing goals like a strategy.1 CEOs delegate the task to implement goals as a "strategy" to the organization which then fail due to the absence of a coherent set of actions preceding the goals.
A recent article in Harvard Business Review: How smart leaders translate strategy into execution by Randall H. Russell describes how to redefine the role as CEO to Chief Execution Officer. The new role means getting more involved in the implementation of the strategy, share the story of the strategy throughout the organization and reach consensus and commitment across the leadership teams and work force.
Throughout all the years of plan development we have experienced similar discoveries. When strategic plans exceeds more than 20 measurables (Actions) the likelihood for failure increases significantly. A plan that "plays well" in the organization has about 15-20 measurables (Actions).
"Once the strategy is set, and the extended team is engaged, a system of strategic performance feedback must be established. Most organizations have access to far too much feedback to make sense of it all. But organizations led by Chief Execution Officers solve this problem by focusing on as few as 15-20 strategic measures at the enterprise level."
Your Comment:
Other Posts
- Strategic Leadership crisis plan, continued
- Strategic Leadership through the current crisis
- Strategy works best with our long-term memory
- What is digital strategy?
- Focus, Competence and Passion
- The challenge to set goals
- Present your strategy on one page
- 4 tips for better strategic planning
- 7 steps to create a strategic plan
- What is Program Management?
- Three guiding principles of crisis communication.
- How smart leaders translate strategy into execution
- Simplifying complexity
- Back at full pace
- The article about "6 Habits of True Strategic Thinkers"
- Good Strategy / Bad Strategy - The difference and why it matters
- Jonathan Bernstein - Crisis Management
- What is Strategy
Tag Cloud
gsb richard rumelt competence do no harm jonathan bernstein validate portfolio ceo kennedy presentation eric berlow competitive advantage habits passionate passion efficient corona step implement #crisisresponse manager project management ted capabilities video lehane harvard strategy, visualize, align, remember, memory, lear commitment consensus covid-19 program leader critical memory portfolio management damage execute hbr youtube positioning crisis crisis management plan actions end state strategic planning strategy goal focus strategic plan strategic planning goals capability visualize execution implementation communication technology advantage complexity program manager end-state #strategy harvard business review guide objective guiding principles trust talent digital strategy alignment control competitive goal setting important procect crisisplan story action basic credibility stanford devices program management resources simple leadershio #strategicleadership leadership measures why michael porter chris digital