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The strategy execution process is complex.
In fact, it’s a combination of several processes.
And the ideal process picture is different for each organization.
But even with a different mix, each best-in-class strategy execution process should include some basic building blocks.
Luckily, many of them are readily available within most organizations. They include:
- Tried and tested approaches for reviewing a strategy.
- Strategy cascade tools, the Balanced Scorecard being the best-known.
- Techniques to structure, execute and monitor strategic projects.
- A proven approach to set, monitor and evaluate individual objectives.
What is lacking however, is a simple strategy execution framework to integrate and align all of these different building blocks.
And that’s where the 8 model comes in. It combines the most important building blocks into a coherent strategy execution process.
If you want more practical strategy and strategy execution advice videos like this subscribe to my YouTube Channel right now.
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