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Executives Fail to Execute Strategy Because They’re Too Internally Focused

Executives Fail to Execute Strategy Because They’re Too Internally Focused

by Ron Carucci. Harvard Business Review.

Experts have opined for decades on the reasons behind the spectacular failure rates of strategy execution. In 2016, it was estimated that 67% of well-formulated strategies failed due to poor execution. There are many explanations for this abysmal failure rate, but a 10-year longitudinal study on executive leadership conducted by my firm showed one clear reason. A full 61% of executives told us they were not prepared for the strategic challenges they faced upon being appointed to senior leadership roles. It’s no surprise, then, that 50%–60% of executives fail within the first 18 months of being promoted or hired.

Business leaders and Industry professionals must be prepared to face strategic challenges in order to execute it and THRIVE the business successfully.

10 SIGNS A LEADER NEEDS A NEW CHALLENGE by

1. Things are running smoothly.

2. You are consistently getting positive feedback.

3. Your brain doesn’t have to work hard to be successful.

4. You don’t prepare for meetings because you already know the answers.

5. You’ve stopped learning something new every day.

6. You are busy but bored.

7. You’re taking longer showers in the morning and you take your time getting to work.

8. It makes you tired to think you could be doing the same job a year from now.

9. You’ve become increasingly negative and can’t identify why.

10. You’re spending a lot of time trying to fix other people’s problems.

Click in More info and Adriana Cecere, Consulting Australia founder, will send you more information about the BackPocket CEO Webinar.

http://www.consultingaustralia.com.au/
Level 23 Tower 1, 520 Oxford Street, Bondi
Phone: 1800 772 395


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