Why do good strategies fail to execute?
If a strategy is good, it should be easy to execute. To execute a strategy, you need great leadership – you must align your strategy to the structure. Unfortunately, many companies are run like a riot group. Everyone is doing their own things. Different departments are not aligned. It is a challenge.
To implement a strategy, you need great people in key positions. Most of the time, there is a skills mismatch.
Many companies reward good performance and punish failure, which effectively kills innovation. You must reward behaviors that produce the results you need. And that way, you create a culture of innovation.
Is your strategy execution effective?