1. Ownership
Very often, strategy is perceived as a possession of people in executive roles. Top managers steer the organization in the right direction, but they are also responsible for disseminating information to subordinates.
All managers across the organization must understand what the overall strategy is. Otherwise, the execution of the strategy is very slow –at best, warns the management-issues.com website.
2. Driver-focused
You should prioritize the initiatives which are really the best allocation of the human and financial resources your organization has at its disposal.
Care and plan for people and capabilities and change your corporate culture if it's not sufficient. Don’t put outcomes in front of drivers.
3. Strategy-focused
Financial outcomes aren't the core. Your strategy must aim for the creation of competitive advantages. The objective is to create unique and distinct products or culture unmatched by your corporate rivals. If you focus merely on financial results, all you have in your hands is a blind map.
4. Engaged employees
Strategies used to only engage the senior management team and some external consultants who usually facilitated the process of implementation. However, your effort must be far more inclusive.
Trust your people and their expertise. Demand a broad collaboration, aim for a broad ownership. Increased commitment and reduced resistance will be the benefits when all the staff is involved.
-jk-