Implementing Strategy

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Implementing Strategy

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Execution is

• A discipline and is integral to implementing a
  strategy
• The major job of the business leader
• A core element of an organizations culture

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Execution

• No worthwhile strategy can be planned without
  taking into account the organizations ability to
  execute it
• Execution is a systematic process of rigorously
  discussing hows and whats, questioning,
  tenaciously following through, and ensuring
  accountability

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Execution

• Includes making assumptions about the business
  environment, assessing the organizations
  capabilities, linking strategy to operations and
  the people who are going to implement,
  synchronizing people and processes, and linking
  rewards to outcomes

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Heart of Execution Lies in Three Core Processes

• People Process
• Strategy Process
• Operations Process

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Leaders are the Owners of the Processes

• Engaged deeply and personally in the business
• Possess a comprehensive understanding of a
  business, its environment, and its people.
• Must be in charge of getting things done by
  running the three core processes
• Picking other leaders
• Setting the strategic direction
• Conducting operations

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Leaders Create an Architecture of Execution

• Puts in place processes for planning and
  executing against those plans
• Assigns tasks and follows up
• Rewards and promotes people who get things done
  more quickly
• Makes sure people understand the priorities,
  asking incisive questions

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Implementing Strategy

• Execution Strategy, Operations, People
• Vision for the Strategy
• Project Contracting

Contracting
LINKAGES
Action Planning

• Implementing the Project Plan
• Master Project Plan
• Communications Plan

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Project Scope

• Identify project parameters
• All agree to it
• No project creep
• Allows for tighter control budgeting
• Ensures on-time completion

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Project Scope
In Scope
Out of Scope
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Brainstorming

• Allows for everyones input
• No wrong suggestions
• Creativity encouraged
• Includes all areas of the issue
• Increases team energy

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Brainstorm Prioritize
Brainstorm Solutions
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Prioritization

• Many actions compete for same resources
• Objective way of choosing action plans
• Creates maximum buy-in
• Allows for final budget/resource adjustments

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Brainstorm Prioritize
Impact On Strategy
Probability of Success
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Stakeholder Analysis

• Include all stakeholders touched by strategy
• Discuss identify degree of support
• Identify degree of support desired
• Take note of gaps

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Stakeholder Analysis
X Where they are
O Where you want them to be
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Stakeholder Strategy

• List all stakeholders
• Discuss identify stakeholder WIIFMs
• Identify critical issues concerning stakeholder
• Identify the resources you have to address issues
• Develop your strategy for the stakeholder
• Identify list initial actions you will take

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Stakeholder Strategy
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Master Project Plan

• Assign implementation roles project manager,
  work stream leads, critical ancillary leads, etc.
• Choose project planning / tracking tool
• Develop Work Stream Plans
• Roll into a Master Plan
• Establish consistent process for project updates
  / course corrections
• Ensure leadership accountability and engagement

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Strategic Communications Framework
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Communications Plan

• Project Overview description of the project
• Strategic and Economic Benefits desired outcomes
  of the project
• Strategic Framework Why, Who, When, How
• Assumptions / Guidelines what will guide the
  communications efforts?
• Detailed Communications Plan actions, roles,
  timeline, overlap across work streams, etc.

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Managing Potential Derailers

• Identify potential issues/events that can derail
  the project
• Identify how severe the impact might be
• Identify the probability of occurrence
• Determine the expected impact
• Develop management strategy resources
• Adjust work stream, master plan and/or
  communications plan

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Managing Potential Derailers
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Implementing Strategy

• Execution Strategy, Operations, People
• Vision for the Strategy
• Project Contracting

Contracting
LINKAGES
Action Planning

• Implementing the Project Plan
• Master Project Plan
• Communications Plan