IMPLEMENTING STRATEGIES WITHIN YOUR ORGANIZATION
By Greg DeShields Unlocking the Power of Your Strategic Plan: Making Implementation Work As some fiscal years come to a close and other mid-year budgets are evaluated, the pivotal role of Implementation Strategy aligned with organizational goals and optimizing resource allocation for continued success becomes evident. This understanding empowers and instills confidence in business leaders, enabling them to make informed decisions about their strategic plans. According to a 2022 Cascade app blog post, 40% of companies say they are good or excellent at using lessons from successful strategy implementation to inform future strategy development. However, other statistics suggest that many organizations fail to execute their strategies effectively. For example, a 2023 LinkedIn article states that 95% of strategic plans fail, while a 2022 Harvard Business Review article says that 67% of well-formulated strategies fail due to poor execution. Generally speaking, Strategy Implementation can b