In our experience, it’s all too common for
businesses to design amazing strategies and plans that will lead to growth and
success, only for these plans to fall by the wayside – never to be completed.
Each business types can have its own issues in executing strategic plans, but
the consequence is almost always unrealised growth potential and frustration
among your team.
Whether you’re a start-up embarking on your
first strategic implementation or a large enterprise who wants to roll out big
changes across all your departments, we explore four key areas that will help
you to implement strategic plans effectively in your business.
Execution
rules
A focus on implementation needs to begin as
soon as the strategic plan is created. This means when the leadership team
finalises the concept and substance of any strategy. Rather than embellishing
the outcome in an abstract sense, bring things back to earth with language and
phrases that your whole team can understand. Usereal and tangible actions and issueclear
instructions to relevant individuals.
Individual
and collective commitment
To push the strategy implementation
forward, it is crucial that you have commitment from everybody in your team.
Whether it is the leadership team who are initiaing the change, or employees
who have certain responsibilities, everyone needs to understand what will happen
and how they will contribute to this change, at an individual level and also
collectively as a team.
Focus
on the outcome
Regular reinforcement of the strategic plan
approach will keep everybody focussed on the outcome. For large organisations,
the message can sometimes get lost among middle management or project teams,
who do not prioritise the implementation among their other responsibilities and
daily activities. A great way to reinforce your approach is to recognise small
successes and celebrate progress towards the desired outcome.
Track
your progress
Set goals and milestones to gauge your
progress in implementating the strategy. This will confirm how well you are performing,
identify areas for improvement, focus or correction and allow you to review
whether any adjustments need to be made along the way.