Looking at the failure of strategy is the broad basis of my DBA so I am always interested in articles or commentary on this area. In my personal view there is a serious bias to writing about the positive and ignoring how and why we fail. Here is an article from Forbes listing the 10 […]
New research conducted through the University of Technology has found that only a small proportion of employees can articulate their organisation’s strategy. The researchers asked employees of 20 major Australian corporations with clearly articulated public strategies to identify their employer’s strategy from among six choices. Just 29% answered correctly.
Within your organisation do you implement or execute strategy? The choice of language can have very different implications on how your staff view both the process and the desired outcomes. Implementation and execution are often used interchangeably in many organisations and in business articles & books. However they have two very different connotations especially in terms […]
We are all using the same words but we mean so many different things. This comes up frequently in my research, my general discussions about my research and in my consulting work. Whilst I have already written that at the heart of this issue is not the particular jargon but the organisational understanding of the […]
In support of my “why does business strategy fail” work here is some research that asks some very direct questions of senior executives about their strategy with disappointing results. In 2011 Booz & Co conducted a survey of 2,800 executives from companies of various sizes, geographies, and industries. According to this survey, most executives don’t […]
What is your strategy-to-performance gap? Written by Mankins & Steele this well cited article published in the Harvard Business Review challenged many senior executives to seriously examine what they were accepting in their business in terms of the year on year performance of their strategic endeavours. Companies typically realise only about 60% of their strategies’ […]
These two words are often used interchangeably in many organisations and in business articles and books. However they have two very different connotations especially in terms of strategy. If a strategy is implemented then it implies that it was not in the business previously i.e. either the business didn’t have a strategy or this is […]