Here is a typical scenario that illustrates the challenge when you try to translate strategies into actions. Do you recognize it? The executives at their strategy retreat produce a well-considered, extensive, and ambitious strategy. They present the plan to their management team and then disengage. The implementation is left up to the employees. Somewhere between the planning stage and implementation, there is a fatal disconnect. Fortune magazine reports that 70-90% of corporate strategies fail to achieve their goals because their organizations do not carry the plans through to successful completion
We contend that the issue is that executives fail to actively include their staff in the development of strategies. Employees as a result do not fully comprehend, believe in, or commit to the aims. As a result, there is confusion, misalignment, uncertainty, and dissatisfaction. The leadership of an organization has missed the mark when they fail to actively involve the very individuals who will be in charge of carrying out the strategy: successful strategy implementation is a team sport.
The future plans that leaders have for their organizations are likely to fail if they are developed in a vacuum, despite their best intentions. Instead, strategies should not only be shared with all employees, but also co-created by employees to ensure a direct link between the strategy and the actions that employees take on a daily basis.
Many leaders fail to:
Make sure your company is among the select few that has mastered the art of properly carrying out the business plan. When creating the overarching plan, involve the workforce at all levels. Employee commitment, involvement, and hard effort can only be obtained in this way. If you want to develop your skills in this field you can start by checking our Strategy training courses