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<\/a>description of a well-managed process within what should be a well-managed company.<\/p>\nAnd yet, Kaplan is close to right, whether it\u2019s 10% or 30%, it is a minority of strategies that are effectively executed.\u00a0 Why?\u00a0\u00a0 Here is a list to use as a guide to better execution.<\/p>\n
[Email readers, continue here…]<\/span> \u00a0Make the plan simple to understand<\/em>.\u00a0 Once deployed down one or more levels in the organization, like the old game of telephone, the corporate plan begins to look less like the original as each department attempts to adopt it and create departmental objectives to conform.\u00a0 A complex plan stacks the deck against all but those who created it at the top.<\/p>\n Put someone in charge of executing the plan.<\/em> That may be you, but in some companies, that requires a dedicated individual tasked with removing roadblocks, measuring success, and reporting progress.<\/p>\n Provide feedback loops at each critical stage of execution.<\/em>\u00a0 If the plan calls for increased revenues, measure output and efficiency as well as revenues.\u00a0 Look for leading, not lagging indicators of change.<\/p>\n Make sure you provide the resources necessary to hit the plan,<\/em> including money, new hire authorizations, and above all, clear instruction and delegation form the top.<\/p>\n Listen to complaints, suggestions and warning signs. <\/em>\u00a0Respond, so that people know you are serious about execution of the plan.\u00a0 Modify what is not working.\u00a0 Then pivot, when necessary, to scrap part of the plan, and then rewrite it in order to meet its objectives.<\/p>\n If a plan has realistic goals and if you are reasonably able to provide the resources necessary to complete the plan successfully, you are way ahead of that other 90%.<\/p>\n But if you toss a plan out to others to execute, don\u2019t follow through until the end, fail to measure, or to provide needed resources, then you will deserve your fate.\u00a0 So take heed.\u00a0 If you go to the effort to plan, go to the effort to succeed.<\/p>\n","protected":false},"excerpt":{"rendered":" It is all about execution.\u00a0 Waiting over a year to see results is too long, since your chance of mid-course correction is greatly reduced.\u00a0 To make the point, Harvard\u2019s Robert Kaplan believes that less than 10% of corporate strategies are … Continue reading