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Interview Patty

125 - 5 Steps To Closing The Gap Between Strategy And Execution

It’s a safe bet that many leaders are where they are because they have good ideas visionaries, some of them, whose dream of what the company could and should be inspire the workforce. Then comes the execution part. And all too many great visions fall into that big black hole that yawns between vision and execution. That road to you-know-where, paved with good intentions.

Five Crucial Steps

But all is not lost. Overall, the authors they found that more than half of the companies studied grew faster than their peers, largely because they had a strong sense of self, were focused on opportunities that suit their skills and goals best, invested selectively rather than cutting back everywhere, and embraced their corporate culture rather than try to recreate it when trying something new. The corporate narratives paint a rich picture of companies as living things. And the authors extrapolate “golden rules” for strategic development.

1. Commit to an identity, rather than just focusing on growth.
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Being clear-minded about whom you are will allow you to pursue objectives that fit that image rather than be trapped on a treadmill thinking you’re reaching your “growth” goal. “Stay true to your value proposition,” Leinwand advises.

2. Translate the “strategic” into the “everyday.”
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Figure out which of you corporate capabilities actually fit your strategic goals, beef them up and then connect them instead of aiming for functional excellence and dissipating your energies by trying to be good at everything. “Not every one of your business functions has to be “best in class,” Leinwand points out. Focus!

3. Put your culture to work.
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It’s always tempting to re-organize in order to create the engine to drive growth, but it is not always necessary. Determine your strengths and leverage them; that’s actually a kind of re-organization without and endless shuffle of people and systems. “Your culture has to support your strategy,” says Leinwand.

4. Cut costs to grow stronger.

It’s all too east to think “go lean” will make the company more agile, but across-the-board cuts may simply make you anorexic. Instead, cut what doesn’t matter and put resources into what does. “Invest to be different,” Leinwand says. If you’ve really managed to commit to your corporate identity and put your culture to work, this step won’t be as hard as it sounds.

5. Shape the future.
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No, there is no coupon for a crystal ball in this book. You don’t need one. You do need the ability to re-imagine your capabilities and create a demand for them, a place in the market where what you make and do will flourish. “It’s getting in front of change,” Leinwand says, “instead of being scared of what’s going to happen – innovating your capabilities. You can’t stand still but you don’t want to be randomly flexible.” If you can do that, then you have a huge role in actually realigning your industry.

Today’s business world, Leinwand opines, is not a zero-sum game. He points to Steve Jobs’ explaining the success of Apple when the company managed to extricate itself from a battle with Microsoft for supremacy – a battle Apple was losing in the zero-sum stakes. “Apple had to remember who Apple was,” not try to beat Microsoft. “Strategy,” adds Leinwand, “is deciding who we want to be and then doing it.”

Read the full article here: Forbes

All the best!

Patty Block

Building Blocks

7941 Katy Fwy. #414
Houston, TX 77024 USA

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