Which is more important strategic planning or execution?
The thought that strategic planning is more important than execution is a myth. After all, how an organization executes on a plan can make or break success. But execution without a good plan, can lead to utter disaster for organizations.
The truth is you can’t have one without the other. The best leaders know how to link strategy and execution.
But who has the time to figure out how? Tick, tick, tick…the year is flying by and deadlines are fast approaching. Objectives seem lofty and there is little time or resources to remotely debate how to get it done and done right. Once we get it done after the depleting resources, time and money how do we know if it will move the needle forward on the overall strategic plan? So much to do, so little time.
This will help. Here are 3 fast ways to link strategy and execution:
- Bridge the gap
Translate the strategic plan into every day actions.
It’s a lofty goal that seems out of reach. Back into it by breaking it down into pieces. If we are to reach the goal over a 3-to 5-year period what must every year, month and day look like? What must every division, department, leader, employee do every day to accomplish the plan? You will find what seemed impossible, just became possible.
- Break up chaotic coordination
Improve coordination in carrying out objectives.
Organizations will often get ensnared with duplication of efforts and people not working with each other. Then when things don’t go well finger pointing, blame, and dysfunction occurs. Look for duplications and clarify roles and responsibilities. Reward team collaboration versus past performance.
- Don’t assume the breakroom poster communicates
Check for managers’ understanding of what is to be accomplished.
Don’t assume by simply printing out and hanging up an inspiring poster will ensure understanding of direction. Just ask managers what the goal is and how they plan to accomplish it. You’ll find out quick if there is a disconnect. You can move right then and there to correct understanding and encourage people to move in the right direction.
Every successful leader has the ability to translate strategy in to front line action. This is a key formula for improving engagement, driving results and achieving a competitive advantage.
