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Identify Strategic Measures
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The essence of this element is to arrive at a few (8-12) high-level strategic measures linked to your Vision that are both financial and non-financial. You will also need to track them regularly, adjust them, and align organization activities to increase the likelihood of achieving them.
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Clarify Roles & Accountabilities
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The most exquisite and lofty strategy must ultimately be grounded in the roles of the people whom you trust will do their part to execute strategy. Roles are the primary linking element for executing the strategy. Porter (1995) wrote that the essence of strategy is the "choice of activities and how they are performed. Activities, then, are the basic units of competitive advantage." Roles define those activities as they relate to people.
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Align Compensation, Rewards & Recognition
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Compensation, rewards, and recognition are the primary management shapers and reinforcers of behaviour. Once people know what activities are to be done and who will do them, reinforcing their behaviours is essential to execute your strategy.
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Shape the Culture
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The culture permeates every aspect of the organization. This is the sum total of all the shared, taken-for-granted assumptions or mental models, values and behaviours that people in your unit have learned throughout their history in the unit that have led to them and the unit being successful. All of the above elements are part of and express the culture. While almost all senior leaders acknowledge that their organizations have a culture, and that it is important, few know its dimensions or how to manage it with confidence. Yet if that culture does not support your strategies, the strategies will not take root and flourish, and you will not realize your goals.
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| (Click on any above Element for more details.) |
