• Chapter 24: Where strategy often goes wrong

  • May 21 2024
  • Length: 18 mins
  • Podcast

Chapter 24: Where strategy often goes wrong

  • Summary

  • There are three main reasons why organisations fail to extract full value from their strategy creation to strategy execution process:

    1. We fail to align on a single source of the truth.
    2. We don’t place enough emphasis on strategy execution.
    3. We get lost in translation.

    Strategy creation is not a passive delegation process. It is an active participation process that happens at every level in an organisation in order to breed success for every individual.


    What to expect in this episode:

    (06:40): Why your strategy might be failing.

    (10:06): Is your strategy getting lost in translation?

    (12:00): How to prevent losing sight of the purpose when there’s so much focus on goals and measures of success.


    To download the entire audiobook, ‘Purpose, Passion and Performance’, get your copy here - https://tinyurl.com/2d2krd8y


    If you want Steph to answer your question in an upcoming Q&A episode, DM Steph or use this form - https://forms.gle/BFDxwyem9zZXCbih8


    For all other resources:

    🎙️ Podcast resources - https://stephaniebown.com/podcast/

    📢 Book Steph to speak - https://stephaniebown.com/conference-speaker/

    🖊️ Check out my upcoming leadership events - https://stephaniebown.com/events/

    🎵 Music by Slip.stream - Alleyoop | Take It On | I’M Holding On

    📱 Follow Steph on LinkedIn - https://www.linkedin.com/in/stephaniebown1/


    My essential reading list:

    📕‘The Balanced Scorecard’ by Kaplan by Robert S. Kaplan, David P. Norton - https://www.amazon.com/Balanced-Scorecard-Translating-Strategy-Action/dp/0875846513

    📕 ‘Scaling Up’ by Harnish Verne - https://www.amazon.com.au/Scaling-Up-Build-Meaningful-Business/dp/0986019526

    📕 ‘Strategy Execution Heroes’ by Jeroen De Flander - https://www.amazon.com.au/Strategy-Execution-Heroes-Jeroen-Flander/dp/9081487310

    📕 ‘Good to Great’ by Jim Collins - https://www.amazon.com.au/Good-Great-Some-Companies-Others/dp/0066620996

    📕 ‘Traction’ by Gino Wickman - https://www.amazon.com.au/Traction-Get-Grip-Your-Business/dp/1936661837

    📕 ‘Prove It!’ by Stacey Barr - https://www.amazon.com.au/Create-High-performance-Culture-Measurable-Success/dp/0730336220


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