Warring factions? Your rationale for Strategy Invigoration and Alignment?
Consider the business challenge of a CEO for a fast-growing consumer business in South East Asia. Over the last five years, they have enjoyed a successful ride with impressive growth year on year that exceeded their company’s mid-term plan.
However, recently, they have found themselves with gaps in strategy alignment between the board and their leadership team. Their role has increasingly become one of peacekeeper rather than company visionary and leader. In this case, the problem lies in the absence of alignment between the direction the board wants to take the organization and the decision and priorities the leadership team prefers.
Valuable Takeaways :
Organization wide strategy alignment requires a change management agenda.
Poor strategy execution is the biggest problem for most businesses.
The pace of change in business demands more organizational agility when it comes to strategy and its implementation.
The most difficult time to make a strategic change is when the business is going well.
The CEO must be the executive sponsor for any change agenda.