Strategy Management, the discipline of designing a robust strategy and establishing a continuous and predictable process to manage implementation over the long-term requires commitment and patient persistence from leadership to employees. In over 20 years working with clients, we have experienced all kinds of challenges, particularly around implementation. In today’s fast pace business environment where the speed in which the environment changes, implementation challenges are not getting any easier.
Albeit a dated study, the 2014 McKinsey survey of 2,000 global executives entitled “Why Implementation Matters” is still as relevant and important today as it was then. The survey asked executives their opinions on seven core implementation capabilities. Companies that were best at implementation performed in the top quartile on these seven core capabilities. Here are the seven core capabilities and our perspective on each.
Note: The 2014 McKinsey study was update February 2018 in its article “How the Implementation of Organizational Change is Evolving.” The latest results indicate that successful implementation remains elusive.
“A good idea is about 10% and implementation and hard work, and luck is 90%.” Guy Kawasaki, Marketing Specialist, Author and Silicon Valley VC