Align, measure and view daily performance impacting mission, vision and goals!
Kaplan and Norton, developers of the Balanced Score Card reported that 70 to 90 percent of organizations failed to realize the full potential their strategy promises. A recent article by Erik Berggren and Lars Dalgaard estimate that companies experience successful strategy results only 15% from planning but 85% from execution.
It is one thing for business leaders and senior management teams to develop new strategies. It is quiet a different challenge to have them successfully implemented. Many strategies fail to deliver their full potential. This can be traced back to four critical success areas.
Strategies fail because;
- The mission or strategy is vague or unclear. People are not sure what they need to do to support them day to day,
- The values described in the vision, mission and goals are at odds with the existing values and beliefs guiding behavior within the organization,
- There are no measures to help staff mark progress toward goal achievement ,
- There is no reinforcement for behaviors supporting change.
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