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 essential to have the right kind of focus.

90% of strategy often fails for weighty reasons, e.g., market force and external forces, but very often, some approaches fail because of poor implementation.

This is why organizations, institutions, and businesses must have a scaled approach to managing and measuring strategy implementation.

Many institutions create appropriate strategies and use none scalable or transparent tools for implementation. Hence, it becomes difficult to find an alignment in results. If for instance, you still use strategy spreadsheets and power point-based tools, your organization need to do better

For businesses and institutions, are you and your business maximizing every point of strategic planning, are your key employees in alignment with your strategy implementation?. Are your executives able to cascade down organizational goals with complete transparency? And, importantly, are you using the right kind of tools?

If your answer is no, your organization has to do better.

You can do it better with Trackboard.

Trackboard strategy platform is a cloud-based platform helping institutions and businesses like yours drive organizational strategy implementation, mapping, design, cascading, and alignment to be in the 10% of success.

Happy to answer your questions.

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