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Showing posts from November, 2022

90% of strategy often fail, Why?

Yesterday, while dressing up my 3-year-old daughter Halona. I was slightly surprised when she asked me why the food was not working. To her, the food she eats ought to have given her everything to be as big and tall as her mum. I showed her the clothes she wore when she was a year old and asked her to try them on; they wouldn't fit (she was able to see the growth, a measure of success). I then assured her that she would be as big as Mama one day if she continued to eat good food and a balanced diet (strategy for growth). Come to think of it, most businesses are like Halona. Every business has a vision and mission. When organizations design strategies to implement their strategic goals, it's a no-brainer that they define a measure of success, usually for a quarter or a year (short to long-term strategic goals). Now imagine, what will happen to a business when they need to measure the effectiveness of its strategic plan without having efficient tools or processes to do it. It is...