In an ever-changing world, companies are compelled to continually review their approach towards achieving business strategy success if they are to compete and stay relevant in the market.
A surprising (and worrying) global statistic affecting executives today is that regardless of which strategic methodology they use, 40% of that strategy’s value will be lost due to a “breakdown” during execution. (Bain & Co, HBR).
The real worth of an organisation’s strategy will only be realised if the business can translate that strategy into reality.
Effective project management is imperative when it comes to implementing a strategic agenda – this will have a dramatic effect on the bottom line. Organisations who invest in recognised and proven project management practices will undoubtedly outperform their competition, enjoy successful business outcomes and be able to reinvest back into the business.
Great Strategies + Great Execution = Great Performance and Success.
What project management practices does your organisation have in place to ensure strategy success?