Wednesday, April 30, 2014

Good strategy is not enough; commitment and decisive execution are required as well.


During the last quarter in the last few years, I was very busy preparing strategic plans with my great team. We have invested heavily in preparations, discussions and finally in decisions. The planning process was creative, positive and dynamic as individual strengths and teamwork blended into solid plans.

The ability of team members to enroll into a real “thinking together” mode is the essence of strategic dialogue in its true sense. The outcome is a strong plan with full consensus in regards to what we are going to do in the forthcoming year.

Achieving a consensus is very significant because it implies that the entire team is synchronized and committed to the plans.

Strategic plans, detailed and professional as they may be, needs to be executed properly. Just getting it ready, on time, is not enough. I would not be cynical if I will say that there is "graveyard" full of former companies with very good plans and intentions…

Once the plan is clarified and has been agreed it is time for implementation. With the right committed people it could be fully accomplished. This is one of the main success factors.
I would say that the future of global corporations relays not only on the right strategic plans, but also on people and their abilities to implement.

"Plans are only good intentions unless they immediately degenerate into hard work." -Peter Drucker

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