Working on strategic plans is exciting. They hold so much promise for the future and can be very energizing. However, according to some studies, 60-90% of strategic plans never reach fruition. Why? There are four key reasons:
- People don’t understand the problem. If you’re asking people to make some big changes, it is important to help them understand why. If you can’t explain this in detail with the evidence to back it up, maybe the change isn’t necessary.
- Lack of understanding regarding the organization’s capabilities. Strategies are not likely to be productive is your teams don’t have the time, skills, tools, and resources to implement them. Make sure your strategies are realistic and do-able.
- Misperceptions about immovable pressures. Realize that your leaders and teams have jobs to do while they’re working on strategic plan implementation. Be realistic about how much time your teams can dedicate to new strategies. If it will take more time than … [Read more...] about (6/27) 4 Common Reasons Strategies Fail