Strategy

Strategic Management

Strategic Achievement

 

Strategy Implementation

Effective approaches and examples

Vadim Kotelnikov

Vadim Kotelnikov, founder of 1000ventures - personal logo  Vadim Kotelnikov

   

  

 

  Let me introduce myself as a strategy implementation practitioner first.

I have been implementing both lifestyle and venture strategies since previous millennium.

I mastered implementation of lifestyles strategies first while working on United-Nations international projects.

Afterwards, I moved to the next level − implementation of my venture strategies.

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Strategy Implementation: Proven vs. Experimental Business

For a proven business, strategy implementation is about performing according to known standards.
For an experimental business, strategy implementation is an entrepreneurial process of trial, learning, and adjusting in pursuit of a strategic intent.

 

 

 

Why Strategy Implementation Is So Difficult

Strategy implementation skills are not easily mastered, unfortunately. In fact, virtually all managers find implementation the most difficult aspect of their jobs more difficult than strategic analysis or strategy formulation. Strategies that are not implemented constitute little more than academic exercises. The ability to implement strategies is one of the most valuable of all managerial skills... More

 

 

 

 

Business Systems Approach to Strategy Implementation

Organizations prosper by achieving strategy that is implemented as a result of continuous decision-making at all levels of the business. Performance measures need to be aligned with the organization's strategy. The Business Systems approach considers business as system of interrelated factors of strategy, owners, investors, management, workers, finance, processes, products, suppliers, customers, and competitors... More

 

 

 

Organizational Capability Approach

Organizations that excel at strategy execution and strategic achievement know how to create sustainable value for customers and shareholders through defining key organizational capabilities and applying a balanced approach to business systems... More

 

 

 

Strategic Cross-Functional Management

Strategic cross-functional management is central to capitalizing on functional excellence, and in order for functional specialists to make the greatest possible contribution, they must take a broader view of their functions and understand how they fit into the web of the organizational processes and, ultimately, into the overall strategy... More

 

 

 

 

Implementation of a Disruption Strategy

To ensure the successful implementation of a disruption strategy establish a high love quotient (LQ) culture that empowers a disruption mindset and a disruptive transformation strategy by making people feel loved and trusted. Give people freedom to fail, learn from failures and restart wiser.

Ask learning SWOT questions after every major disruptive action to identify your strengths and weaknesses, threats and high-potential opportunities.

 

 

Inventive Implementation

Innovation is 1% of an invention and 99% of creative entrepreneurial actions. Inventing something new is not the end, it is just the beginning of implementation-oriented inventive journey.

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