Why is strategy so challenging?
We live in an increasingly volatile, uncertain, complex and ambiguous (VUCA) world. Constant disruptions impose distinct challenges for even the most ambitious organisations to define a clear growth path.
No one knows their strategy, not even top leaders. Research shows that only 51% of top management can list its organisation’s top three strategic priorities. This number only decreases with business leaders further down the organisational hierarchy.
Execution is a people problem, not a strategy problem. More than 90% of organisations fail to execute their strategies successfully. Strategic plans often take great amounts of time and effort but are developed in isolation by senior leaders. Therefore, there is a lack of commitment and ownership by the most important stakeholders – those who will implement it.
A structured approach is required to develop and deliver strategy at a corporate, divisional or function level
Establishing an effective business strategy can be challenging, stopping you from setting and delivering on your goals.
Through the fusion of NextWave and SIA, the Strategy in Action Programme helps you to build and execute your strategy to empower sustainable growth and scale, offering strategy not as a one-time activity, but as a continuous and iterative process.