What's missing from business success

I was asked this morning what I thought was more important - having an effective strategy or effective execution?



To me the answer is obvious - Doesn't matter how good your strategy is if it does not get executed properly and effective execution is only effective with a strategy. Execution isn't the best thing it is the only thing!


While creating a well-formulated strategy is vitally important for business success, the biggest challenge for most business leaders is getting their team to effectively execute their chosen strategy.


- Consider the following alarming research:
–90% of strategies fail due to poor execution
–Only 27% of employees have access to their company strategic plan
–Only 5% of employees understand their company strategy
–92% of organizations do not measure Key Performance Indicators



We have just been trialling a execution tool called execution driver and I have to say it has been fantastic in my own team becoming more egaged and accountable for better execution of our strategy. Not only does it put a big tick beside each of the above statistics it has freed me up personally to concentrate on more of the things that I am best at.



Visit http://www.executiondriver.com/



Happy executing

Karl