Less than 15% of companies make it a regular practice to monitor performance results in relation to the prior years’ strategic plan.*
The implications are that managers can’t easily know how effectively performance on goals and score card metrics predicts actual business strategy execution, and further, they risk embedding disconnects between strategy and plan year over year — resulting in underperformance year after year due to misalignments of business strategy throughout the organization.
It is a recognized fact that strategic thinking is a key competency found among the most highly effective leaders. And, while books, articles, and consulting services abound that are focused on strategic planning, these typically explore that single, annual process associated with developing an organization’s mission, vision and goals. In contrast, a skilled strategic leader thinks and acts strategically every day. Lack of strategic alignment costs money. Disconnections confuse your customers and your employees. What businesses need is to find a way to encourage and develop strategic thinking as a routine practice every day, throughout the organization.
To drive development in and to strengthen strategic thinking skills and practices in organizations, we start with a specially designed organization assessment tool, called the Line-of-Sight (LOS). The LOS informs managers about their organization’s performance in a context that generates insights, and provides a roadmap for managers to build strategic thinking in leaders, managers and eventually, into the culture.
You can experience this quick, easy-to-use organization assessment tool for FREE. Just click the red Organization Assessment button on the right side of this page to get yours. No strings attached.
*”Turning Great Strategy into Great Performance” by Michael C. Mankins and Richard Steele in the July-August 2005 issue of Harvard Business Review.