Strategy execution is something successful leaders focus on. According to research published in The Harvard Business Review, “Companies realize only 40-to-60 percent of their strategies’ potential value”.
Successful leaders know these numbers and understand it takes much more than a great strategy to be number one. The challenge is to turn that great strategy into great performance. Strategy execution and performance management are complex processes.
In fact, it’s a mix of several processes. And the ideal picture is different for each organization. Each best-in-class performance management process should include some basic building blocks. Jeroen De Flander has selected 8 and will explain them in this article.