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12/9/2005 5:25:09 AM Document presentation format On-screen Show Company Oakland University Other titles Arial Default Design TURNING GREAT STRATEGY INTO GREAT PERFORMANCE The Strategy-to-Performance Gap Closing the Strategy-to-Performance Gap Closing the Strategy-to-Performance Gap (2) The Results?
Turning great strategy into great performance
Everyone knows that great strategy can't produce great performance without great planning and execution. Yet companies routinely fall short of the financial results spelled out in their strategic plans. In fact, our research suggests that companies typically deliver less than two-thirds of their strategy's performance potential and, more importantly, that the causes of this "strategy-to.
Turning Great Strategy into Great Performance
How to turn great strategy into great performance Angela Sedran, MBA MAICD MICF Accelerating million dollar+ businesses in 90 days to greater profits, higher performance & more.
Turning Great Strategy Into Great Performance
1. Keep it simple. Avoid drawn-out descrip-tions of lofty goals. Instead, clearly describe what your company will and won't do. Example: Executives at European investment-bank-ing giant Barclays Capital stated they wouldn't compete with large U.S. invest-ment banks or in unprofitable equity-market segments.
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Abstract Despite the enormous time and energy that goes into strategy development, many companies have little to show for their efforts. Indeed, research by the consultancy Marakon Associates suggests that companies on average deliver only 63% of the financial performance their strategies promise.
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. Research recurrently cites the physical and/or psychological unavailability of people as a top-ranked reason for the strategy execution breakdown (Harter, 2020; Mankins and Steele, 2005;.
Turning Great Strategy Into Great Performance
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1. Keep it simple. Avoid drawn-out descriptions of lofty goals. Instead, clearly describe what your company will and won't do. Example: Executives at European investment-banking giant Barclays Capital stated they wouldn't compete with large U.S. investment banks or in unprofitable equity-market segments.
Mankins, M., Steele, R. Turning great strategy into great performance hbr Turning Great
We wanted to see how successful companies are at translating their strategies into performance. Specifically, how effective are they at meeting the financial projections set forth in their strategic plans? And when they fall short, what are the most common causes, and what actions are most effective in closing the strategy-to-performance gap?
PPT TURNING GREAT STRATEGY INTO GREAT PERFORMANCE PowerPoint Presentation ID6579850
Turning Great Strategy into Great Performance BACK by Michael Mankins and Richard Steele FROM THE JULY-AUGUST 2005 ISSUE, Harvard Business Review Three years ago, the leadership team at a major manufacturer spent months developing a new strategy for its European business.
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In their 2005 article, Turning Great Strategy into Great Performance, for Harvard Business Review, Michael Mankins and Richard Steele explains that as significant as the strategy-to-performance gap is at most companies, management can close it.
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Turning Great Strategy into Great Performance By: Michael C. Mankins, Richard Steele Despite the enormous time and energy that goes into strategy development, many companies have little to show for their efforts. Indeed, research by the consultancy Marakon Associates suggests that… Length: 12 page (s) Publication Date: Jul 1, 2005
PPT TURNING GREAT STRATEGY INTO GREAT PERFORMANCE PowerPoint Presentation ID6579850
1. Is it simple and concrete? 3. Does the language used for thinking match the language used for action? 4. Assess time, energy, money, and resources at the start and forecast top issues later. 5. What is the one key thinking and one key action that makes it all happen? a discussion a question Can't find what you're looking for?
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Turning Great Strategy into Great Performance Magazine Article Michael C. Mankins Richard Steele Companies typically realize only about 60% of their strategies' potential value because of defects.
Turning Great Strategy into Great Performance
They draw on their experience with high-performing companies like Barclays, Cisco, Dow Chemical, 3M, and Roche to establish some basic rules for setting and delivering strategy: (1) Keep it simple, make it concrete; (2) Avoid long, drawn-out descriptions of lofty goals and instead stick to clear language; (3) Debate assumptions, not forecasts; (.
Turning Great Strategy Into Great Performance
Turning Great Strategy into Great Performance by Michael C. Mankins and Richard Steele THREE YEARS AGO, THE LEADERSHIP team at a major manufacturer spent months developing a new strategy for. - Selection from Harvard Business Review Leadership Library: The Executive Collection (12 Books) [Book]