Based on the ideas and strategic directions obtained from the exercise, the second step would look at how to adapt and change processes in order to respond to the challenges and reap the benefits of the future, using business model innovation techniques for instance.
However, a third and often forgotten discipline is equally important to make strategy work: strategy execution!
I must admit I’m not an expert in this field. But I was fortunate enough to have a couple of discussions with an expert, Jeroen De Flander, whose book ‘Strategy Execution Heroes: Business Strategy Implementation and Strategic Management Demystified - A Practical Performance Management Guidebook for the Successful Leader’ stroke me both for its practical usability (it’s loaded with concrete tips on strategy execution) and its breadth (nothing is omitted, it even goes down to the presentation style of the CEO).
Jeroen agreed to share his top strategy execution advice on my blog, so in the next 3 Fridays he will be posting on this blog, covering following topics:
- 14 striking strategy execution figures (28/10)
- 9 reasons why strategy execution fails (4/11)
- 8 dynamics for strategy review (11/11)