Making Strategy Real

Overview

In today's competitive global business environment virtually all firms work diligently to analyze alternatives and to create a business strategy that enables competitive advantage. Once the strategy has been defined however, nine out of ten organizations fail to implement it effectively. Trends such as globalization, increasingly empowered customers, and rapid and accelerating change make closing the gap between strategy and execution more critical than ever. The current difficult economic environment only increases this imperative. How can management communicate the strategy effectively and assure that the entire organization has bought in to the strategy and is aligned behind it? Business performance optimization systems are an important tool for success.