How can Leaders Bridge the ‘Strategy to Execution Gap’

Strategy to execution gap

Closing the strategy to execution gap is one of the most significant factors in the corporate world. It is very well quoted by Sir Thomas Edison, “Vision without execution is a hallucination“. As the countless industry leaders have proved very efficiently, having a strategy and a fixed aim is the main step, but less than fifty percent of the battle. Not so long ago, the strategy was regarded as the king, Strategic Leadership used to be the key element, not that it has faded now, but framing only the strategies won’t let you compete in this contemporary corporate world. Industry leaders used to immerse themselves in making strategies on how to achieve the goals of their company. It was assumed that planning such strategies would eventually pay off. But sadly this is not true; the results of many organizations from such well-crafted strategies were very far away from achieving. The simple reason for this is they failed to execute.

What industry leaders fail to understand is, the time has gone when strategy used to be the ace player, now is the time when they should stop beating around the bush, and start executing those well-crafted visions. The time has arrived when they should learn about bridging the strategy to execution gap.

Three Ways to Mend Strategy to Execution Gap:

 

#Create and Execute

An effective execution always starts with planning. For several reasons, the capability of effective execution can be well estimated during the early stages of implementation procedures. Many people following strategic leadership motto make action plans to handle the numerous initiatives required to get hold of a vision. Senior leaders, on the other hand, fail to hold individuals accountable for establishing and executing plans, for them a planned strategy may not be aligned always with the methods, which are significant for delivering results.

Don’t jump onto conclusions. Action plans are the building blocks of a successful execution, so plans and strategies need to be recognized before execution. Planning is not at all a waste of time. You should always remember creation and execution is very important. Execution without creation is nothing, in a similar manner, how creation without execution is nothing.

#Cooperation and Coordination

In order to mend the strategy to execution gap, cooperation, and coordination within an organization is very important. Most employees arrive with positivity and good intentions. They are happily willing to coordinate with their colleagues. The actions and decisions, which are coordinated and cooperated across the boundaries of an organization require much more than just words of wisdom and faith. All it takes is clear, well-defined roles and shared goals. These are the elements that provide a strong foundation on which coordination and cooperation can be established. People working together in an organization must acquire a sense of accountability, for taking up their job responsibility properly and fulfilling commitment.

#Change is Inevitable, So be ‘The Change’

The phenomenon of change is inevitable. Despite putting in their best efforts, many organizations fail to translate this knowledge in a direction of positive action. This is a very risky shortcoming. Positively embracing the change and innovation spirit will always be helpful in conquering long-term and new levels of victory, while being unwilling to adopt the change and maintaining rigidity can simply cause irreparable and some serious harm. For a successful business, one must be willing to develop and execute innovation strategies, and adjusting to marketing fluctuations.

Executing your strategies can be very challenging. But, in order to win, bridging the strategy to execution gap is very important.

Carrie Ann
Carrie Ann is Editor-in-Chief at Industry Leaders Magazine, based in Las Vegas. Carrie covers technology, trends, marketing, brands, productivity, and leadership. When she isn’t writing she prefers reading. She loves reading books and articles on business, economics, corporate law, luxury products, artificial intelligence, and latest technology. She’s keen on political discussions and shares an undying passion for gadgets. Follow Carrie Ann on Twitter, Facebook

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