The strategy was ambitious. The goal was to double turnover within 5 years growing annual growth by tens of millions. But there were whispers about the organization’s readiness to execute the leadership team’s new strategy.
Pitstop Analytics™ data risk rated the strategy warning of a likely gap of 33% between strategy and execution. Similar ratings for Purpose, Focus and Alignment indicated an organization out-of-step with its leadership team.
Clearly, translating strategy into effective execution would require more work. And it paid off, after 6 weeks the risk rating had fallen by 17% and execution was well underway.
Data revealed a strategy-execution gap of 37%
Here is a snapshot of the data showing how the strategy-execution gap of 37% was progressively narrowed over a 6 month period.
Executed was rated below strategy, but showed potential of up to 45%. Over 6 months the scores for both strategy and execution improved by up to 21%, thereby narrowing the strategy execution gap by 17%.
Data revealed a level of strategy anxiety with less than 2 out of 3 managers indicating that the organization was moving fast enough (strategic speed) or in the right direction (strategic velocity). These scores increased by up to 18% over a 6 month period.
Data revealed gaps in terms of purposes, focus and alignment of up to 45%. Yet, ambition was high (73%). Over a 6 month period effective engagement and communication around the strategy and its execution increased these scores by up to 22%.
‘Finding out that there was a big gap between the leadership team who created the strategy and the mid level managers who were responsible for its execution has, I am convinced, saved us a lot of time and money’.