One of the largest capital expenditures in organizations is money spent on strategic initiatives. One Harvard Business Review study reports that 70% of leaders spend an average of one day a month on strategy and 85% of leadership teams spend less than an hour per month discussing strategy. Often times, senior leadership does not have the ability to focus on the success of these initiatives. They are tied up solving internal issues, resolving conflicts, managing budgets, and overseeing their team’s performance. In another study, of companies that poorly execute strategy, a staggering 60% do not even link their strategies to their budgets, guaranteeing a disconnect between commitments and resources. Leadership has so much on their plate that aligning the big picture with their day-to-day operations takes a back seat. And often, they don’t have a dedicated resource who has been there before and is taking the heat to drive the strategy implementation. They need someone who can take the reins, help them lead and identify trade-offs – pinpointing where an organization will invest, compete and win. How do you find time to focus on company strategy rather than responding reactively to your workday?
meftac.net 