L 10 Strategy Execution Flashcards
Barriers to successful strategy execution
- Cultural attitudes
- Insufficient or poorly managed resources
- Insufficient agility
- External developments
- Strategy poorly communicated
- Poor coordination across the organisation
Costs of strategy execution shortfalls
Loss of trust
When do people change their mindset & behaviours?
- role modelling
- developing talent and skills
- fostering understanding and conviction (personal belief)
- reinforcing with formal mechanisms
What do we use the RAPID-Framework for
Clear assignment of responsibilities
What does the RAPID Framework stand for?
Reccomend
Agree
Perform
Input
Decide
What should we think off when we use the RAPID Decision model
… ensure that only one person „ has the D“ . If two or more people think they are in charge of particular decision, a tug-war results
…watch for a proliferation of „A“s. Too many people with veto power can paralyse recommenders. If many people must agree, you probably haven’t pushed decisions down far enough in your organisation.
… avoid assigning too many Is. When many people give input, at least some of them aren’t making meaningful contributions
Information flow (as part of strategy execution)
Quick information flow to headquarters
Free information flow across organizational boundaries
Field and line employees have the information they need to understand their bottom-line impact of their day-to-day-choices
The three elements of vision
Ethos, Pathos, Logos
The three elements of vision
Ethos, Pathos, Logos
Parts of Ethos
Personal anecdotes
Company past
Success stories
Track record
What does Ethos give us
Credibility
Parts of Pathos
Future
Stories
Anticipation
Motivation
Action
What does Pathos give us
Emotion
Parts of logos
Arguments
Facts, figures, data
Scientific research
Product characteristics
What does logos give us
Logic
