Why is implementing a strategy important?
– According to a study by the Harvard Business Review, 70% of strategic failures are due to poor execution rather than poor strategy formulation
– A study by McKinsey & Company found that companies that focus on both strategy and execution have a 90% success rate, compared to just 33% for companies that focus only on strategy.

When it comes to the success of a strategic plan, most organizations fail in the implementation of the strategy, and not because of the plan itself. What is the difference between a strategic planning document and a strategic plan that is developed and implemented?

In this video, Anthony highlights three critical criteria that must be clearly established in order for your company to implement successfully.

#strategicplanning #strategyimplementation #businessstrategy #strategy #leadershipdevelopment #leadershipdevelopmentprogram

00:00 The difference between a strategic plan and a plan that is implemented
01:31 The importance of visions and goals
02:47 /"Resources/" are crucial
03:59 The human factor (taking people on the journey)
05:30 Strategic methods that inform execution.
06:57 Strategy implementation timelines (balance between planning and implementation)

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// About SME STRATEGY CONSULTING:

SME Strategy is a management consulting firm specializing in helping organizations develop and execute their strategic plans. We partner with teams to facilitate conversations around strategic direction and business strategy so our clients can focus their energy on what will move them forward faster.

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