So you’ve established your 2020 Strategic Priorities and the new year is off to a great start. But according research shared by David Norton and Robert Kaplan in their book The Balanced Scorecard, 90% of organizations fail to execute their Strategic Priorities successfully.
Are you one of the 10% who can claim success?
If not, let’s review the fundamentals of implementing your Strategic Priorities.
- Evaluate. Meet with key staff to determine and clarify the scope of each Strategic Priority including its purpose and desired outcomes.
- Vision and Communication. Create a vision of what the company will look like at the end of 2020. Plan a time where you can share the vision, including key priorities, with the entire team. Don’t skip this step – everyone wants to be part of something new and great.
- Name a Leader. Identify a leader for each priority as well as team members who will support and contribute to the priority. Make sure the leader knows they are in charge of achieving the priority.
- Accountability and Progress. Don’t wait until year-end to learn that the priority is just getting started. The leader must provide periodic updates to the CEO or other leaders. This step is critical to ensuring that your priority remains on track.
If you need guidance to move your organization into the successful 10%, join the Center For Extraordinary Success for quarterly Strategic Priority Workshops where organizational leaders will learn to create effective implementation plans for their Strategic Priorities.
Sherri Miller, Founder and CEO
Center For Extraordinary Success