This global survey on the maturity of strategy execution, covering 400 organizations from 71 different countries, identifies the best-performing organizations in strategy execution and what they do differently. Here are some of the key findings:
Strategic objectives are set by the C-suite and are split equality between short (1 to 2 years) and long term (3 years and beyond).
Only half of organizations make the distinction between running and changing the business when setting objectives, and 60-100% of the resources are dedicated to running the business.
Only half of the organizations reported linking every project either fully or partially to Strategic Objectives, and that they tracked it to project completion.
HPO’s have a Strategy Department and Corporate PMO function, which implements tools and develops competencies, that helps achieve a higher level of success.
The survey was carried out in collaboration between Antonio Nieto-Rodriguez, a recognized thought leader and professor in project and strategy implementation and DecideAct, a premium provider of Strategy Execution Management software solutions.
Over the past seven years, we have conducted intensive research on this topic and processed the data received in order to present it in a structured and relevant form.
By considering aspects such as strategy, organization, culture, leadership processes, tools, and reporting, we determine how these influences successful strategy execution.
Antonio Nieto-Rodriguez, author of the Harvard Business Review Project Management Handbook, the featured HBR article The Project Economy Has Arrived, and four other books. Antonio is the creator of concepts such as the Project Economy and the Project Manifesto. His research and global impact in modern management have been recognized by Thinkers50. Fellow and Former Chairman of the Project Management Institute, he is the founder of Projects&Co and co-founder of the Strategy Implementation Institute, and he is a member of Marshall Goldsmith 100 coaches. You can follow Antonio through his LinkedIn Newsletter - Lead Projects Successfully and website https://antonionietorodriguez.com
DecideAct is a provider of SaaS software and solutions that move manual execution and follow-up of strategy to a cloud-based Strategy Execution Management platform. By rethinking the way strategy is executed, DecideAct has created a groundbreaking tool that is relevant to all companies and organizations, public or private, in all industries, geographies, functional roles and their mission critical priorities related to achieving strategic goals. DecideAct’s vision is to modernize strategic leadership through technology.
Hand on heart, do you really take the management and execution of your strategy as seriously as your financial management?
The survey will help you rethink the way you have executed strategies in the past. Your future efforts will have a much higher success rate.