We don’t often see a good plan in place for an organizational strategy. This is wrong.
Unfortunately, the execution part of strategic planning is either mismanaged or missed completely. The reason is simple: the people in charge so not realize that their strategic plan is really a project or program and it needs a project management approach to its execution.
Every strategic plan needs the ‘plan’ part – not just the strategy part.
- What are the major work ‘packets’ that need to be managed?
- Who is in charge of each of those packets?
- What is the schedule to completion?
- Are there any major risks that we need to be aware of?
- Who are the major stakeholders and are we looking after their needs?
If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck. Strategy execution is really project management on steroids. If you want to see success at the end of your strategic initiative, think project management.
This is the last in my summer series as I have reviewed Clear Signals That Your Strategic Plan Is Going to Fail from a book I recently published with Mona Mitchell called “7 Elements of Strategy Execution”.
If you would like a recap of the series download here…