20 facts about strategy and execution that every ceo should know
TRANSCRIPT
20 FactsAbout Strategy and Execution
That Every CEO Should Know
Studies show that businesses that successfully execute strategies outperform those that don’t by a factor of 2 to 1.
With that in mind, Six Disciplines has collected 20 essential facts about strategy and execution that every CEO should know.
About Six Disciplines
Six Disciplines is a business management platform that helps companies like yours go from good to great.
We helped one client increase sales 38% with no additional increase in headcount. And we helped a private equity firm increase KPIs 50% in two years. We also helped a professional services firm increase profits 300%.
To find out more, call us at 866-344-8517 or email our CEO, Gary Harpst, at [email protected]
Strategy [strat-i-jee], noun: A plan, method, or series of programs designed to obtain a specific goal or result.
Execution [ek-si-kyoo-shun], noun: The act or process of carrying out or accomplishing a set of plans or strategies.
Just 5% of employees surveyed understand what their company’s
actual strategy is.Source: Jeroen De Flander For more information on the Six Disciplines business management platform, please visit SixDisciplines.com
Of the middle managers surveyed, only 55% were
able to address one of their company’s top five priorities.
Source: Harvard Business Review For more information on the Six Disciplines business management platform, please visit SixDisciplines.com
Only 10% of companies achieve
what they had strategized to do.
Source: Jeroen De Flander For more information on the Six Disciplines business management platform, please visit SixDisciplines.com
Just 20% of managers believe their organizations do a good job when it comes to shifting people across units
to support an implied strategy.
Source: Harvard Business Review For more information on the Six Disciplines business management platform, please visit SixDisciplines.com
40% of managers believe the greatest challenge is the failure to align their plans with the corporate strategy.
Source: Harvard Business Review For more information on the Six Disciplines business management platform, please visit SixDisciplines.com
Only 40% of organizations link budgets to strategy.
Source: Jeroen De Flander For more information on the Six Disciplines business management platform, please visit SixDisciplines.com
8/10 managers believe their companies fail to leave declining businesses or let go of unsuccessful initiatives quickly enough.
Source: Harvard Business Review For more information on the Six Disciplines business management platform, please visit SixDisciplines.com
In one study, only 11% believe that their company’s
strategic priorities have the financial and human
resources needed to succeed.
Source: Harvard Business Review For more information on the Six Disciplines business management platform, please visit SixDisciplines.com
71% of companies that are strong in execution believe that everyone has a good idea of decisions and actions
for which they are responsible.
Source: Harvard Business Review For more information on the Six Disciplines business management platform, please visit SixDisciplines.com
Out of every 7 new product ideas, only 4 enter development, 1/5 are
launched, and only 1 of the launched products succeeds.
Source: Hype For more information on the Six Disciplines business management platform, please visit SixDisciplines.com
The success rate of newly launched products has only
bumped 1% since 1997.Source: Hype For more information on the Six Disciplines business management platform, please visit SixDisciplines.com
Just 25% of the managers surveyed in one study have concerns linked to strategy.
Source: Jeroen De Flander For more information on the Six Disciplines business management platform, please visit SixDisciplines.com
85% of executive teams spend less than an hour discussing strategy
every month.
Source: Jeroen De Flander For more information on the Six Disciplines business management platform, please visit SixDisciplines.com
According to research conducted by HBR, companies find that only 40-60 percent of strategies are of potential value.
Source: Harvard Business Review For more information on the Six Disciplines business management platform, please visit SixDisciplines.com
57% of CEO’s have started
other companies.
Source: Statistic Brain For more information on the Six Disciplines business management platform, please visit SixDisciplines.com
47% of CEO’s intend to start another company in the future.
Source: Statistic Brain For more information on the Six Disciplines business management platform, please visit SixDisciplines.com
About Six Disciplines
Six Disciplines is a business management platform that helps companies like yours go from good to great.
We helped one client increase sales 38% with no additional increase in headcount. And we helped a private equity firm increase KPIs 50% in two years. We also helped a professional services firm increase profits 300%.
To find out more, call us at 866-344-8517 or email our CEO, Gary Harpst, at [email protected]