Five myths of strategic execution

first_img 14SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Credit unions have thousands of guides about developing a strategy, but very few on how to execute one. And the difficulty of achieving executional excellence is a major obstacle at most companies, according to Kathy Pearson, Ph.D., who recently spoke at CUES Symposium: A CEO/Chairman Exchange.Leaders often attribute poor execution to a lack of alignment and a weak performance culture. However, it turns out that in most companies, activities line up well with strategic goals, and the people who meet their numbers are consistently rewarded, according to Pearson, founder and president of Enterprise Learning Solutions and a senior fellow at the Leonard Davis Institute of Health Economics at the University of Pennsylvania.Instead, for successful execution of strategy, companies must foster coordination across units and build the agility to adapt to changing market conditions.During her session, Pearson summarized research from “Why Strategy Execution Unravels–And What to Do About It” from the March 2015 Harvard Business Review, and shared five strategic execution myths and realities… continue reading »last_img read more