PEOPLE- STRATEGY- OPERATION

Many executives have been asking me questions on why many companies failed to effectively implement their planned or intended strategy. Some complaint that they had done a very thorough analysis, plan and later execute the strategy but still a failure.

After a good discussion I then realized that they missed the linkage of 3 main components which are:

1. People

2. Strategy

3. Operation

While linking all these 3 components, they later must ensure applied the 8 important components of effective strategic implementatiosn such as leadership, building capable organizations, adopting best practices & bench marking, instituting SOP and policies, tie-in-rewards, installing information system, marshaling resources and shaping the work environment & culture.

While implementing all the above 8 components the main principles; people, strategy and operation need to be linked effectively. It might need experience and good leadership capabilities to undertake this exercise of linking the 3 components. A good monitoring, control and performance evaluation must then be implemented periodically to ensure the efficiency of the execution and timely. It is important to remember that the effectiveness of a strategic execution shall only come with low cost of operation and higher customer value. This could again be done with value innovations.

As a conclusion I could say that, strategic implementation is the most important part in strategy and the linkage between people-strategy-operation is crucial.

ASSIGNMENT:
Select a company or business that you would be able to have some data for analysis or observation. Analyse what is the problem of the business (company or enterprise). Propose for correction or improvements. Use the strategic studies that you have learned.

Words: 2,500 - 3000