To effectively and efficiently implement an organization-wide strategy requires many factors come into alignment before successful implementation can occur. Show
First, an accountability model must be clearly defined and embraced for each element of the strategy.
Second, the organization-wide strategy must be effectively cascaded down into the business units, support functions, teams and individuals down through the organization. Third, adequate resources (time, budget, skills and capacities) must be available. It does great harm to an organization to spend value time and money to develop a going forward strategy, only to find out it does not have sufficient resources to implement the plan. Fourth, managing change on a consistent and professional basis is vital. Change management is the primary responsibility of the executive leadership team and involves the understanding and managing of internal and external change and understanding the influencers of change. However, as the process of implementing change becomes a continuous effort growing in scope and complexity (both strategically and operationally), a set of change management roles begin to emerge that require recognition, training, and development. Change management roles are not formally included on the organization chart, they are ones that must be filled to manage any significant process related to change. They include the following:
Fifth, establishing a performance culture is a fundamental requirement for effective implementation and a frequent failure point in many strategic planning and management processes. Larry Bossidy and Ram Charan in their book entitled Execution: The Discipline of Getting Things Done point out the following:
Another key insight comes from Darryl Conner in his work on the notion of a “Burning Platform.” Conner maintains the key to successful implementation of change is for the team to conclude that failure to execute the strategy (or make the change) is better than the status quo. Strategy professionals have an important role to play in helping top executives and their leadership teams understand and embrace these fundamental requirements. SummaryStrategy implementation is the process of turning your strategic plan into action. Whether you’re executing a new marketing plan to increase sales or introducing a new work management software to increase efficiency—your plan is only as valuable as the implementation. In this article, we cover the pitfalls of strategy implementation and how you can avoid them. Plus check out different frameworks associated with this process to set you up for success. Strategy implementation is the fourth step in the strategic management process and it’s where you turn your strategic plan into action. This can be anything from executing a new marketing plan to increase sales to implementing a new work management software to boost efficiency across internal teams. Having a strategic plan is great, but unless you have the bandwidth, resources, and support to implement your plan it’s not going to drive actual change in your organization. We’re going to cover the key steps of strategy implementation, including potential pitfalls and how you can avoid them, and introduce you to a few frameworks to help you successfully implement any strategy you’re currently working on. The 6 key strategy implementation stepsBefore you can implement your strategy you need to create a strategic plan. Your strategic or implementation plan outlines the steps your team or organization needs to take in order to achieve a goal or objective. Your implementation plan is the roadmap to a successful strategy execution and should include the following steps:
Once your strategic plan is set, it’s time to get it on the road! There are six steps to follow on your way to a successful implementation. Create an implementation plan template Step 1: Set and communicate clear, strategic goalsThe first step is where your strategic plan and your strategy implementation overlap. To implement a new strategy, you first must identify clear and attainable goals. As with all things, communication is key. Your goals should include your vision and mission statements, long-term goals, and KPIs. The clearer the picture, the easier the rest of your strategy implementation will be for your team and organization—simply because everyone will be working towards the same goals. Step 2: Engage your teamTo implement your strategy both effectively and efficiently, you need to create focus and drive accountability. There are a few ways in which you can keep your team engaged throughout the implementation process:
Step 3: Execute the strategic planAllocate necessary resources—like funding for strategic or operational budgets—so your team can put the strategic plan into action. If you don’t have the right resources you won’t be able to achieve your strategic plan, so this should be a top priority. Here’s how you can ensure that your team has the resources they need:
The better built out your strategic plan is, the easier it will be to implement it. Read: 7 strategic planning models, plus 8 frameworks to help you get startedStep 4: Stay agileYou’ll inevitably run into issues as you begin implementing your strategy. When this happens, shift your goals or your approach to work around them. Create a schedule so you can frequently update the status of your goals or implementation strategy changes. Depending on the strategy you’re implementing, you can create weekly, monthly, or quarterly project status reports. Share these updates with your external stakeholders, as well as your internal team, to keep everyone in the loop. Having a central source of truth where you can update your team in real time will help you streamline this process. Asana’s work management software allows your team to coordinate projects, tasks, and processes in real time but also gives you the freedom to get work done asynchronously—providing everyone with the visibility they need to understand who’s doing what. Step 5: Get closureOnce you implement the strategy, connect with everyone involved to confirm that their work feels complete. Implementing a strategy isn’t like a puzzle that’s finished when the last piece is set. It’s like planting a garden that continues to grow and change even when you think you’re done with your work. Getting closure from your team will be the second to last milestone of your strategy implementation and is a crucial step toward completion. Step 6: ReflectConduct a post-mortem or retrospective to reflect on the implemented strategy, as well as evaluate the success of the implementation process and the strategy itself. This step is a chance to uncover lessons learned for upcoming projects and strategies which will allow you to avoid potential pitfalls and embrace new opportunities in the future. Read: 6 steps for a successful project postmortem meetingWhat you need to implement a strategyNo matter how well thought out your strategy is, you’ll need these five key components to successfully implement any strategy. Create an implementation plan template PeopleYou’ll need a team that not only understands the strategy you want to implement but also has the skills and bandwidth to support you. Appoint, hire, and train the right people for the job and ensure that the competencies needed to succeed are present in your project team. Asana’s Customer Success team was invaluable to our implementation process. They took the time to understand our business and showed us how to create practical workflows and processes to get the most out of Asana. We couldn’t have done it without them.”—Layne Anderson, Agile Marketing Lead at Hudl ResourcesEffective resource allocation is one of the most important parts in strategy implementation. Resources can be both financial (e.g., cost of labor) and non-financial (e.g., time to implement strategy). OrganizationEveryone in your organization needs to know what their responsibilities are so they can be accountable for their part in implementing the strategy. This also means that the chain of command has to be defined and communicated so everyone knows who to communicate with during the implementation process. SystemsThe tools, capabilities, and systems you’ve put in place are another key component. You have to know what the functions of each of these systems are and how they will support your strategic management process during and after the implementation. CultureThe final key component is the organizational culture within your company. Rolling out new strategies can be confusing and stressful for teams. Ensuring that everyone knows what they need to know and feels valued and included is crucial for a successful and effective implementation. Read: What is change management? 6 steps to build a successful change management processMcKinsey’s 7S frameworkMcKinsey & Company is a world-renowned management consulting firm that, among other things, created a framework of seven factors needed to implement a strategy successfully. The factors can be split into hard elements (strategy, structure, and systems) and soft elements (shared values, skills, style, and staff). While the hard elements are easy to identify and influence directly, the soft elements are less tangible and typically influenced by the company culture versus a manager or other direct contact. Let’s take a quick look at the McKinsey 7S Model, beginning with the hard elements:
These are the soft elements of the framework:
You can apply this framework to your strategy implementation process by looking at your organization’s shared values first and ensuring that they align with your hard elements. Next, identify how well your hard elements support one another and where changes could improve their interaction. After you’ve established that, do the same for your soft elements. This analysis helps you identify elements that are working well and elements that need improvement. Applying this framework to your strategic plan and strategy implementation process helps you get a better feel for how well your organization can implement change. The three Cs of implementing strategyBusiness consultant and author Scott Edinger coined the three Cs of implementing strategy—clarity, communication, and cascade. They’re the three steps you should keep in mind if you want to implement your strategy successfully. Let’s take a closer look at what they represent.
Next, let’s have a look at some of the challenges you’ll encounter during strategy implementation. Strategy implementation pitfalls and solutionsA big undertaking like the implementation of a new strategy comes with its fair share of obstacles. Below are four of the most common pitfalls you’ll encounter when implementing a strategy plus a few tips on how you can create solutions for your team. 1. Overwhelming or meaningless strategic planProblem: If the strategic implementation lacks meaning and potential or if there is an overwhelming number of puzzle pieces to consider, it can really put a wrench in your implementation. Solution: Use SMART goals to ensure that your strategic plan is specific, measurable, achievable, realistic, and time-bound. This framework will ensure that your strategic plan is both meaningful and possible to implement. 2. No implementation in sightProblem: It’s great to have a strategic plan but without the resources and support from upper management, the implementation may never happen. Solution: Your strategic plan should include clear goals, consequences, and requirements to inspire the actual implementation of your strategy. The clearer the document, the easier it will be to get the resources needed to turn it into action. 3. Lack of communication and ownershipProblem: A team that’s not 100% sure what the strategy actually is and doesn’t feel confident about their respective tasks can make your implementation process come to a halt before it’s even begun. Solution: Clearly define each team member's responsibilities and delegate any relevant work. This gives team members a sense of ownership over the outcome of the strategy implementation. Ensure that your teammates have the authority and resources to execute their tasks. Create an implementation plan template 4. Lack of accountability and empowermentProblem: Low visibility and a lack of accountability can make your team feel helpless. Solution: Schedule regular strategy review and team meetings to discuss each team member’s progress, issues that are arising, and strategy shifts that can contribute to the success of your implementation. Track the progress to give your team a sense of accomplishment whenever they check off another goal they’ve met. As long as you’re aware of the challenges, you can tackle them head on and avoid unnecessary setbacks. Plan, implement, celebrateChange isn’t easy but in order for your team to grow, it’s crucial that your organization does too. Whether you’re in the midst of developing your strategic plan with a small project team or you’re already communicating your strategy to the entire organization, reliable project management software is critical in ensuring that everyone has access to the resources they need. And once the strategy is successfully implemented, don’t forget to give yourself and your team a pat on the back. After all, celebrating milestones like these is important too! Create an implementation plan template Sources: Harvard Business School | MindTools | OnStrategy What are the 3 factors to consider in strategy implementation?3 Factors to Consider When Implementing Your Business Strategy. Concentrate on your sales efforts. Creating a focused, proactive and high performing sales function is often one of the biggest challenges facing a business. ... . Align your employees to deliver. ... . What gets measured gets done – Ensure you are on track.. What is the key to successful strategy?Successful strategy is realized by members of your organization and requires clear communication, perseverance, and adaptability.
What are the 5 most relevant strategies activities for successful implementation?Here's how to make it happen.. Communicate and align. CEOs need to begin with clearly communicating their objectives, which should be driven by the company's values and vision. ... . Drive accountability. ... . Create focus. ... . Be action-oriented. ... . Track progress.. What are the factors to consider in implementing a business?9 Indispensable Factors to Consider Before Starting a Business. A Business Idea.. Knowledge or Expertise.. Market or Demand.. Start-up Costs.. Capital and Finance.. Competition.. Location.. Staff.. |