Strategy Execution white paper- Need for a strategy execution officer
Building a strategy execution officer to enable execution of strategic initiatives:
Strategy execution has always been the essential complement of strategy formulation. In an intensely competitive business environment and with the increasing speed of technology-enabled change, the importance of strategy implementation has increased exponentially. However, there is a significant gap between the strategy formulation and strategy execution. McKinsey research suggests that 70 percent of strategic change efforts fail to yield the desired results. There is clearly a gap between the plan outlined by leadership and the on-the-ground strategy execution by employees on the front-line.
In this project, we try to find out the reasons for the gap between strategy formation and strategy execution. This project also proposes a solution to bridge the gap. The solution is in the form of introducing a new role, A Strategy Execution Officer (SEO), in the organisational structure of the company, that helps enables execution at the activity level or it can be in the form of additional responsibility to an existing role in the organisation.
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