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Smart Strategies Require Smarter Business Strategists

Strategic thinking is necessary for personal, professional, and business growth. Strategic thinking needs strategic execution too. <br>About business, lack of accountability is the main culprit for execution failure. Some of the causes for execution failure are lack of communication, commitment, resources, support, collaboration, and, more as explained in the ppt. <br>When we understand the business problems, it helps us to find the solutions. A 3600 view on strategy, process, technology, value, skills, workforce, leadership style, and cultural qualities improves success rate in strategy execution. <br>Only, a smart business strategist can assist businesses to solve the problem and gain a competitive advantage. <br><br>https://www.thestrategyinstitute.org/

michaellyam
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Smart Strategies Require Smarter Business Strategists

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  1. SMART STRATEGIES REQUIRE STRATEGIST ! SMARTER BUSINESS

  2. 100 Fact Alert 75 The fail percentages of Strategy Execution found in scientific studies range from as low as 7% andas high as 90%, With an average of about 50%. 50 25 - Forbes 0 0 25 50 75 100

  3. A Successful Business Strategist Must Know: Why Strategy Execution Fails?

  4. 2 4 1 3 5 Reasons for StrategyExecution Failure Lack of Commitment and Change In Priorities Missing Collaboration And Fragmented Actions Insufficient or Inadequate Resources Ambiguous and Conflicting Goals Communication Gap

  5. 6 8 7 9 10 No or Unclear Path to move forward Lack of Performance Analysis Ambiguous Responsibilities Silo Behavior And Sub-Optimization Wrong or Ineffective Culture Reasons for Strategy Execution Failure

  6. 12 11 14 13 15 Reasons for Strategy Execution Failure Complex Execution design Willingness to accept Change Delay, Plans Are Not Met Lack ofManagement Capabilities Improper Budget Allocation

  7. 16 18 17 Lack of support from Middle Management Poor Leadership Drive Alignment between goals and desired change Reasons for Strategy Execution Failure

  8. MUST-KNOW360FRAMEWORKFOR A BUSINESS STRATEGIST TO AVOID A STRATEGIC PITFALLS

  9. 360 FRAMEWORK Elegance Strategy 6 1 7 Workforce Process 5 2 Co-Create Value 3 4 Skills Technology

  10. STRATEGY PROCESS What should we do to solve the specified problem in order to gain competitive advantage? What Structure Do We Need To Execute TheStrategy? 360FRAMEWORK

  11. TECHNOLOGY CO-CREATEVALUE What Business System Do We Need To Use or Invent In Order To Execute The Strategy? Which of Our Principles Help Us? Why Do We Do, What We Do In The Way We Do It? 360FRAMEWORK

  12. WORKFORCE SKILLS ELEGANCE How Should We Help Our Managers In Their Growth? What Are The Specific Skills That Will Help Us? What Skills Do We Need To Develop? What Leadership Style And Cultural Qualities Will Help Us Achieve A Strategic Objective? 360FRAMEWORK

  13. An Execution Failure In Strategy May Hold a Business Back From Seeking Significant Growth. Thus, The Business World Demands Highly Skilled Business Strategy Professionals More Than Ever.

  14. It’s High Time To Pivot Your CareerInBusinessStrategy And Stay Ahead In This Hypercompetitive Job Market https://www.thestrategyinstitute.org/

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