Core competence is a central concept in strategy. But perhaps the most ‘core’ of all organizational competencies relates to successfully executing on strategy. Specifically, the ability to distil strategy into a range of projects, initiatives and programs and to execute on them effectively.
This new ‘project and program competence’ is key to the success of ambitious strategies ranging from digital transformation to organizational change.
Research points to 6 specific practices that successful organizations adopt in respect of project and program management. Combined these represent a powerful C-suite playbook for narrowing the gap between strategy and execution.