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To turn those dreams into workplace realities, leaders set strategies. Evidence suggests only 5% of employees understand their company's strategy. This is alarming, given evidence a direct positive correlation exists between employee commitment to strategy and employee involvement in strategydevelopment.
Executives say that they lose 40% of their strategy’s potential value to breakdowns in execution. In our experience at Bain & Company, however, this strategy-to-performance gap is rarely the result of shortcomings in implementation; it is because the plans are flawed from the start. Take Dell Technologies, for example.
In 2003, Bridgespan created the “Bridgestar” initiative to focus on leadership development and to help professionals transition into nonprofit careers. In 2005, it received 1,700 applications for 18 positions and turned down 90% of client approaches. Strategy Consulting. Funding Strategy. Global Strategy.
Studies show that 85% of executive leadership teams spend less than one hour a month discussing strategy, and up to 95% of employees are unaware of or do not understand their organization's strategy. It is impossible to formulate a strategy, let alone a "best" or preferred strategy, without engaging in strategic thinking."
PwC moved on to acquire Ant’s Eye View, in August 2012, a social media strategydevelopment and consulting firm. Securities and Exchange Commission between 2003 and 2005. Professional development. From 2005 to 2014 PwC named one of Fortune 100 ‘s best companies to work for. Exit Opportunities. Notable Alum.
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