Strategy Fails when Execution Fails....blah, blah, blah

It is an often spoken cliche that failure to execute/follow through is the reason why so many strategies fail. Well by now we all know that, but what exactly does that mean?

Norton and Kaplan identify the primary causes of failure of strategy implementation as follows:

1. Only 5% of the workforce understands the strategy
2. Only 25% of Managers have incentives linked to strategy
3. 85% of executive teams spend less than 1 hour per month discussing strategy 
4. 60% of organisations do not link budgets to strategy

These are succinctly the summation of why strategies fail, and 90% of such failures can be linked to these points.

COMMUNICATION

How different is organisational strategy planning down at everyday levels as compared to say Global Strategy planning, such as Europe and the common currency strategy?
Well if you think carefully about what Kaplan and Norton say, then the fundamentals are precisely the same.

We have been talking about communication since the 2nd World War; when will we get this right? How useless can we be in this fantastic modernised world if after almost 100 years we still have the same problem - Communication?

We'lll chat again..............