The Space Between Strategy and Execution (ePub)

Most projects, most initiatives, most companies fail to achieve their desired result. That result can be revenue enhancement, cost reduction, customer satisfaction or any other goal. Most of these efforts may achieve a small portion of their desired results or even none at all. And this is because these companies, these organizations, these leaders, fail to fully develop and execute their strategies. Execution is key. What if your company failed less, and succeeded more? What if you could manage your initiatives to reach your results? This is why you should review your company's business transformation process and determine how it can be improved to increase the likelihood and level of success of your strategies. Aptly titled "The Space Between," this book provides a clear perspective of how to cover the space between developing a business strategy and achieving the desired outcomes. After twenty-five years of business consulting, the author has seen many companies pay the price for their reluctance to embrace the power of a strategic plan and the criticality of execution. Without execution, a strategy is nothing. The author has crafted a guided journey through the process of Business Transformation. The chapters are designed to allow each phase to be reviewed and assessed individually. They include overviews of the process, common pitfalls, tips for success and illustrative examples. Also included is a set of guided questions to allow you to journal your thoughts during each phase of the process. Each phase is balanced between the rational aspects of transformation and the common pitfalls management fall into due in part to their lack of knowledge of the process, speed of implementation, the underestimation of experience required and readiness of employees to absorb and manage transformation initiatives. The process is comprised of eight pillars - Gap Identification, Strategy, Strategic Initiatives, Benefits Realization, Prioritization, Roadmap, Measurement, and Manage and Evaluate. The book also provides high-level insights into the impacts of change management and process improvement on the success of business transformation efforts. A holistic view on what business transformation means and how to manage it successfully, this handbook is suitable for business executives and entrepreneurs dealing with the challenges of implementing strategic business transformation projects. www.greggharden.com