STRATEGY EXECUTION OPTIMIZATION
What is it?
Strategy Execution Optimization has evolved in response to a series of questions that often keep business leaders up at night such as:
Strategy Execution Optimization is a vehicle that enables clarity and linkage of organization goals to strategic priorities to initiatives and programs to metrics in an easy-to-visualize cascade. It enables easy access to key initiative progress information that can become the single source of truth for Program and Project status and roadblocks and drives dialogue on the right topics at the right times at the right organizational levels.
- How do we make sure that our vision and mission remains a 'living and breathing' part of our organizational DNA?
- Will our execution efforts enable us to achieve our goals?
- How should we govern ourselves so that we can make sure we keep ourselves on track?
- Who owns and is accountable for specific strategic projects and programs?
- Are we addressing our critical ‘must-do’ issues If so who is accountable, what are they doing and how is it going?
- Is anything missing that could block success? Is there anything else we should or could be doing to enhance our success?
- Are any of our activities unrelated to our strategic priorities?
- How do we proactively link actions to real-time metrics
Strategy Execution Optimization is a vehicle that enables clarity and linkage of organization goals to strategic priorities to initiatives and programs to metrics in an easy-to-visualize cascade. It enables easy access to key initiative progress information that can become the single source of truth for Program and Project status and roadblocks and drives dialogue on the right topics at the right times at the right organizational levels.
Why is it Important?
Strategy Execution Optimization is important because it:
- Improves understanding of what really drives the attainment of organizational goals
- Forces language clarity and specificity in the translation of goals to strategic priorities
- Enables on-demand discussion of program/project alignment to initiatives, goals and measurement systems
- Simplifies status reporting
What are its Benefits?
High level benefits of managing the performance of a business strategy are:
- Verifies the viability of the strategic direction
- Verifies the viability of the execution plans
- Forces transparency and accountability
- Drives proactive rather than reactive value creation
- Reduces strategic and tactical risk (financial and human capital)
- Enables mid-course corrections or any needed resource trade-offs
What are its Components
Strategic Planning Process
Key Initiative Portfolio Prioritization Process
Performance Metrics Management
Governance
