Building Strategic Muscles: A Blueprint for 2025
Have you ever asked yourself, “What could our business look like in a year if everyone was truly focused on 3 to 4 common goals?” The world’s leading companies achieve remarkable success by aligning their teams and concentrating their efforts. They understand their direction and have a clear plan to get there.
Imagine spending 15 minutes, five days a week, working out. Where would you be by the end of the year? Think of strategy as your workout routine for the business. Implementing and consistently maintaining a plan builds strategic muscles that weren’t there before. Continuing old methods keeps us stagnant or worse, as the market moves ahead.
Common Pitfalls in Strategy Implementation
Most organizations develop their strategies independently, often overloading their list of goals. By mid-year, most of these goals are either forgotten or remain unachieved. According to Harvard Business Review, 67% of well-formulated strategies fail due to poor execution. Effective strategy requires planning your work and working your plan, and our system helps you do just that.
The Three Pillars of Building Your Strategy
- Alignment Around the Table: There must be consensus among the leadership on the actions to be taken.
- Executive Ownership: Each strategy needs an executive-level owner to ensure it remains a priority.
- Accountability Structure: The year should be built around accountability. We create teams for each strategy, with the executive leader reporting on progress and forward movement.
Don’t allow your organization’s strategy to get lost in the fray. Nothing erodes credibility faster than failing to follow through on promises. Show your teams that you not only have a plan but intend to deliver on it.
The Critical Question
Can you afford another year of wandering in the dark, or is this the year your entire team creates clear alignment throughout the organization?
Remember, nothing erodes credibility faster than failing to follow through on promises. Show your team that you not only have a plan but intend to deliver on it. Let’s work together to build the strategic muscles your organization needs to thrive in 2025.
To get started on transforming your business with a clear and focused strategy, reach out to our experts today.
Natalie Born, Advisory Principal | natalie.born@frazierdeeter.com
Contributors
Natalie Born, Advisory Principal
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