article thumbnail

The Year Is Half Over…Do You Know Where Your Strategic Plan Is?

CO2

According to Robert Kaplan, creator of the Balanced Scorecard, the main cause of strategic planning failure is poor execution. And Kotter International determined that, on average, 70% of new, large-scale strategic initiatives fall short of their goal, as did a similar McKinsey & Company 2009 study. It’s not too late !

article thumbnail

The Year Is Half Over…Do You Know Where Your Strategic Plan Is?

CO2

According to Robert Kaplan, creator of the Balanced Scorecard, the main cause of strategic planning failure is poor execution. And Kotter International determined that, on average, 70% of new, large-scale strategic initiatives fall short of their goal, as did a similar McKinsey & Company 2009 study. Unclear Objectives.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Strategy Book

Leading Blog

The problem is following a plan so closely without responding to events that you will “lead the company efficiently in the wrong direction.” Strategy involves completion of goals, and the risk is the difference between those goals and the ability of the organization to achieve them.” In a sense, strategy creates risk.

Strategy 282
article thumbnail

Why Is Strategy Execution So Hard? The Odds Are Against Us

Six Disciplines

Effective execution of strategy seems to be an elusive goal. Only 27% of a typical company’s employees have access to its strategic plan. [3]. Kaplan and D. Kaplan and D. As Fortune Magazine noted in 1982, "Less than 10% of strategies effectively formulated are effectively executed.". Cited Sources: [1] (R.

Norton 101
article thumbnail

A Closed-Loop Strategy Execution System

Six Disciplines

Kaplan and Dr. David P. It's interesting to note that Kaplan and Norton's description of such a "closed-loop management system" very closely parallels that of the Six Disciplines complete strategy execution program. Set Goals That Lead ). Work The Plan ). Work The Plan , and Discipline V. Discipline II.

System 98
article thumbnail

The Key Observation In Managing Strategy Is Managing Change

Six Disciplines

Dr David P Norton, (co-inventor of the Balanced Scorecard) explains in OutlookBusiness magazine (India) how companies can grow successfully by adopting effective strategy planning and execution. Subsequently, Dr Kaplan and I wrote our second book, The Strategy Focused Organization, which describes these principles.

article thumbnail

Are You Taking Care of Busyness and Working Overtime?

The Practical Leader

Author Adam Waytz is a psychologist and the Morris and Alice Kaplan Chair in Ethics and Decision Management at the Kellogg School of Management at Northwestern University. ” Don’t load new projects and goals on top of existing workloads without rigorous “stop doing” pruning to make room for them.

Kaplan 52