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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.
Strategy has little value until it is implemented. In a world where disruption can happen overnight, moving rapidly from strategy design to delivery is critical. As a result, strategies fail, customers leave, key talent is lost, and financial performance suffers.
Strategy and Leadership Team Alignment energizes an organization and increases the stock price by 170%. Brimstone led the executive leadership team through our Strategy and Leadership Team Alignment process. CASE STUDY. The organization was emerging from a crisis involving the safety of a recently released drug.
Yet, the traditional approach to strategy typically assumes modest shifts in markets, competitors, partners, strategies, cultures, and talent. If executive teams want to craft a winning strategy , they should consider best practices for strategic planning during uncertainty. But we all know that things change.
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.
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