Six Reasons Your Strategy Is Not Working
Synopsis of an article in HBR by Michael Beer, Published 22nd June 2020 Michael explains that most organisations today are dealing with massive strategic challenges that require a redefinition of purpose, identity, strategy, business model and even structure. Many if not most of these will fail and not because the strategy if flawed but rather the organisation does not have the ability to execute. He explains that he has seen six common interrelated reason for failures, referred to as ‘hidden barriers’ which make organisations ineffective. Hidden barrier #1: Unclear values and conflicting priorities Often, the underlying problem is not this or that strategy, but rather the process by which the strategy was formed — or the lack of any such process. In these cases, strategy is often developed by the leader along with the chief strategy or marketing executive and only then communicated to the rest of the senior teamContinue Reading
