A company is an organism. It lives and grows. Introducing new strategy into the organism can rejuvenate and strengthen the entire system. It can also choke the system at different points, preventing the organism from thriving. This presentation will help you understand how to avoid and overcome the 7 choke points of strategy implementation.
Overcoming The 7 Choke Points Of Strategy Implementation - Create The Conditions Business Quickie
1. Create The Conditions Business Quickie Overcoming the 7 Choke Points of Strategy Implementation Morry Patoka [email_address] iquestinc.com CreateTheConditions.com
2. A great strategy unimplemented is as useless as having no strategy. People develop your strategy. People execute your strategy. Strategy is all about your people . Get this part right.
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4. 1 Don’t know it. How many times have you heard stories of CEO’s, incognito, asking employees what makes their company different and getting wildly different responses, none of which were correct? It’s not limited to the corporate masses. It happens at every level.
5. 1 A senior executive approached me to apologize after I revealed the misalignment on their team. He was embarrassed. He was pissed off. He was inspired to explore how the executive team and employees can work together. He now runs that corporation, by the way. During my session with the C-Suite of a billion dollar company not one executive could clearly articulate the corporate strategy , and as a group, they did not agree on its fundamentals.
6. 1 Not knowing is a symptom of two endemic problems Thinking Alone In Your Box + Weak Communications
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8. 2 Don’t understand it. When you do communicate your strategy, are you playing “broken telephone”? You can’t rely solely on executives to pass it along to managers… who explain it to supervisors… who have a staff meeting and later… get full-timers to explain it to part-timers when they show up for a shift.
9. 2 And don’t expect memos to get across the right depth of understanding Memos are helpful to share basic information. You need a little more depth when it comes to communicating your strategy.
10. 2 Helping the people in your organization understand your strategy takes a more comprehensive and disciplined approach. Pre-Launch Program Launch Program Reinforcement Program Create a marketing plan with lots of interaction and reinforcement. Etc. Marketing Production Managers Executives Intranet Program Email Series Memo Series Group Presentations Workshop Series Target Segments
11. 3 Don’t agree with it. No matter what you do, not everyone will agree with your strategy. That’s okay. As long as you did your pre-launch homework.
12. 3 Get feedback. Just because a few people don’t agree with the strategy doesn’t make it wrong. This is a learning and strengthening opportunity! Disagree Rachna Vernon Albert Joyce Helen Sam Individuals Trusted Customers Close Suppliers Key Employees Advisors Executives Board Agree Group
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14. 4 Don’t feel attached to it. You need more than people’s brains for successful implementation… You need their hearts
15. 4 To win hearts… Decisions Strategy Development Team enable contribution Tasks Research Testing Calibration Input Insights Opinions Experience Expertise Perspective Facts Results Departments Operations Finance Production Marketing Sales Customer Service
16. 4 Creating attachment takes… consistent interaction, persistent effort, and multiple touch-points Big Messages: Collect feedback through online surveys so Core Team can quickly assess and utilize input. Focused Messages: Feedback flows up through managers who are better equipped to address specific issues. Communications from managers that translate Big Messages for departments and staff Communications from Core Team lay the foundation for the corporate strategy, keep employees aware of overall progress, ignites enthusiasm and stimulates feedback Engagement Focused Messages Big Messages
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18. 5 Don’t have a process to improve it. Your strategy is not perfect. Nothing is written in stone Except your Purpose and Core Values
19. 5 Two major forces will push your strategy around One, your world changes. Dramatically. Two, employees will see things that require change. Deal with it before it destroys what you’ve built. Give them a way to do something about it.
21. Don’t have a framework to bring it down to a tactical level. 6 Provide guidelines for the journey from corporate strategy to tactical reality Procedures; reporting. New metrics; new marketing; new voice mail greeting. How much time? Who is responsible? How does everyone know they’re doing the right things?
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23. 6 Fortify your framework by empowering your managers to work more effectively with their teams. Strengthen the framework by creating the channels for ideas to flow up and down Guidelines Metrics Examples Expectations
24. 7 Don’t have benchmarks to navigate it. Implementing strategy takes time and resources. Keep track so you know what’s going on. Highlight issues that need to be addressed quickly. Evaluate internal processes, helping your organization become better, smarter and faster.
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26. 7 The effectiveness of your strategy implementation is directly related to how well your strategy is being adopted by your people
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28. 7 Negative Adoption Scores tell you where to look for the problems you have to address immediately Response to shortcomings of planning and/or forecasting Communication issue (Choke Points 1 – 4) Feedback negative Forecasting too optimistic Impact of change distracting Process issue – Choke Point 5 Benchmark issue – Choke Point 7 Performance below expectations Plan too aggressive Unforeseen hurdles Tactical issue – Choke Point 6 Benchmark issue – Choke Point 7 Off schedule Where you have to look Negative