The Return on Strategy
April 28, 2018 11:01 amThe Return on Strategy “In real life strategy is straightforward. You pick the direction and execute like heck.” – Jack Welch I rarely quote Jack Welch, but I thought his statement on strategy was excellent even though I had to edit his language. Strategic planning gets a bad rap. People overcomplicate strategy and under execute the plans that come out of the planning. The return on executing a strategic plan is fantastic. It is the most important action you can take to radically improve the return on investment of your business. Below are a few quotes for context. “70% of organizations with a formal execution process outperform their peers.” – The Balanced Scorecard Collaborative “Only 30% of employees are engaged…costing companies 75% of their profit growth” – The Gallup Organization “Without vision, the people perish.” – Proverbs 29 The brilliant... View Article