Presentation recommendation: Strategy Grand Tour
Good slides on major strategy schools and the barriers of executing strategies. I really much like slide 56:
"Four barriers to Strategy Execution: 9 of 10 companies fail to execute strategy due to:
- The Vision Barrier: Only 5% of the workforce understand the strategy
- The Management Barrier: 85% of executive teams spend less than one hour per month discussing strategy
- The Resource Barrier: 60% of organizations do not link budgets to strategy
- The People Barrier: Only 25% of managers have incentives linked to overall strategy"
Companies do not have to fail on strategy execution. Work on these barriers.