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Strategy and its Implementation

As a leader, the effectiveness of your strategy is measured in 2 ways:

First, the formation of the strategic plan; and second, the ability to implement them to achieve business outcomes that the strategies aimed to do.  We are faced with the following question

Q：Which is more difficult: planning or its implementation ?

A：Once you decide to do something, the biggest challenge before the leader is how to organize the subordinates to do carry-out your strategies.

Q：Why is the implementation of the strategy so difficult? If the strategic plan is clear and you as a leader take on the responsibility of leadership, whu wouldn’t the team actively work towards accomplishing them ?

A：The essence of a strategy is execute it well in order to win the final victory.  Our team needs to be able to foresee good outcomes, achieve tangibles results, be rewarded and share in the joy of winning. Otherwise, it will be extremely frustrating for all.

Q：As a leader, what are your strategies when driving a team or organization to  focus on the one priority? Once your order is released, what are some challenges that follows ?

Strategic Planning “Strategy”

Organization / team harvest

Establish strategic maps and
for that Wildly Important goal (WIG)

War and Battle

Establish team goals
and leading indicators

Create a team
to participate in a shared
“win” culture

Strategy and the 5-Step Execution

Step1

Mission Setting

and the Vision for the next 3 year

Mission Setting: Our target audience, our competitive advantages, our core convictions

Step2

Focus on

the Most Important Goal

– What is the campaigns that must be won in 6-12 months in order to achieve the overall goal ？

– What should our department do to support the achievement of our strategic goals and vision?

Step3

Relentless Focus

on Leading Indicators

Apply 20/80 principle, looking for “leverage” to determine the team leading indicators.

Step4

Participate in “Winning” battle,

set up scoreboard /

balanced scorecard

1．Set rules：

· Must be simple

· Must be easily visible to all

· Display both the behaviors needed for the moving the leading indicators what will be used to measure performance subsequently

· Must be able to show “win and lose” in a timely manner

2. Team members are able to participate and contribute

Step5

The Weekly Goal Achievement Meeting

– Your most important activity

· Review last week’s commitment

· Update scoreboard and balance scorecard

· Make a commitment next week