This note is a self-evaluation tool to help identify 1) whether an entity has the necessary abilities to successfully execute its strategic initiatives. It's meant to be used to support the group work of a group of executives (rather from the same business) who are liable for the execution of one or several strategic initiatives in their own organization.
A "radar chart" is proposed to visualize where the company needs to improve. It may also be utilized to support the discussion of any group of executives on the reasons for failure of tactical initiatives; they may do that by assessing their very own firm against the six capacities that were considered necessary that were projected along with comparing notes with each other. 2) Businesses need to have a cadre of executives at different levels selected for their entrepreneurial and action learning abilities. 3) Businesses should understand and encourage action learning and know the way to plan performance so. 4) Companies have to possess an inclusive way of execution. 5) Businesses have to be serious about following through and find it as an essential part of action learning. 6) Businesses should realize that, finally, dearth of regard for folks, is a certain cause for execution failure. These abilities are described at length in the publication Smarter Execution, released by IMD (also available from Amazon UK).
Learning objectives: This note is tremendously powerful to advocate a group discussion on the performance capabilities of a company. It may be utilized by a senior management team till they settle on to launch strategic initiatives; it may be used as portion of a kick off workshop when establishing a tactical initiative; or it may be utilized along the way during execution to spot and correct execution discouragements.
REVIEWING STRATEGY-EXECUTION CAPABILITIES case study solution
PUBLICATION DATE: December 31, 2013 PRODUCT #: IMD624-HCB-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
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