“Details create the big picture”
Sanford I. Weill
Introduction
A well-crafted strategy is essential for any organization, but ensuring that strategy is effectively and efficiently implemented is critical for success. One way to improve strategy implementation is by using a strategy execution map.
What is a strategy execution map?
A strategy execution map is a tool that helps to create a shared understanding of the company’s strategy and how it will be executed across its different business functions and organizational units. It is used to ensure that everyone in the company understands the strategy and is on the same page.
How do you develop a strategy execution map?
The first step in creating a strategy execution map is identifying the company’s strategic objectives. Once the goals have been set, the next step is to make a strategy map that shows how the strategic objectives will be delivered, what resources are needed, which department is in charge of the objectives, and how each department helps reach each goal.
The final step in creating a strategy execution map is to develop a communication plan. The communication plan should state who will develop the map, how often it will be updated, and how it will be used to support the process of coming up with and putting the strategy into action.
What are the benefits of using a strategy execution map?
A strategy execution map helps figure out and write down the steps that need to be taken to reach the strategic objectives. It also helps figure out and deal with possible risks and challenges. Organizations can also ensure that their strategies match their operational plans and that their resources are used best by using a strategy execution mapping process.
How could a strategy execution map improve strategy implementation?
A strategy execution map can aid in creating a visual representation of the strategy, linking specific actions to achieve the desired outcomes, and identifying the resources required. The mapping process can also help find potential problems and plan how to solve them.
Lastly, the strategy map is a tool that, if implemented and developed well, can help organizations overcome the challenges of strategic implementation and create more synergies across all the departments involved.
About the Author:
Loay Dirar, educates, writes, and advises on strategy development and implementation, as well as change management and risk management for major regional organizations in the Middle East and North Africa. He has 19 years of management experience, including ten years as a manager in multinational subsidiaries of organizations based in the Middle East and North Africa (MENA).
