Strategy deployment is something that you need to get right for your business from the off. In this post I am going to look at strategy deployment mistakes to avoid.
Lets take a look at the main strategy deployment mistakes you need to avoid:
Overlooking assumptions
Every strategy is based on a set of assumptions. However, these are often ignored when a plan isn’t working, with managers forging ahead without course correction.
Once Strategy Execution is ruled out, double-check your underlying assumptions. Keep every option open when considering how to improve your performance.
Forming diverse project teams can help question assumptions and undercover biases that might impact your strategy.
Poor governance
To reach a goal, you need to double-check your course and correct it when necessary.
Strategy must be conscientiously deployed, actively managed and its execution tracked. Investing in dashboards, establishing common KPIs, leading indicators and regular reporting is critical.
With your whole organization aligned, they can drive your strategy and connect their work to it.
A lack of focus
Similarly, a lack of focus is a common Strategy Deployment mistake we’ve seen time and time again.
You must have the courage (and data) to end projects or initiatives that aren’t aligned with your strategy and that are holding you back. Focus on what’s important and streamline your resources.
Assessing your project portfolio is a continuous endeavor.
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