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Implementing a New Strategy — With No Margin for Error

This global company experienced an accounting and reporting breakdown that forced the resignations of its CEO and CFO, sent share prices tumbling, and brought the company to the edge of bankruptcy. » READ MORE

> NEW STRATEGY IMPLEMENTATION


The Differentiating Factor: Execution.

It’s surprisingly common for organizations to place the majority of their focus and resources on strategy development as opposed to its execution. To give their new strategies every chance for success, companies must find effective ways to:

  • communicate the strategy and shift focus and action toward the new key business priorities
  • surface and rechannel resistance and build momentum and commitment across the organization
  • objectively determine which organizational capabilities need to be added or strengthened, and plan training, recruiting, and other processes for doing so
  • identify staffing requirements associated with projected growth and determine how to fulfill them

At OSI, we help your organization identify critical measures of success, create “balanced scorecards” for the executives who oversee strategy implementation, and develop appropriate incentives, accountabilities, and rewards systems. We are also skilled at conducting discussions with senior management and focus groups to identify ways in which leadership behaviors must change in order to support and reinforce the new strategy.

In addition, we can help develop comprehensive communications strategies for identifying and addressing resistance and building the necessary buy-in, including designing and facilitating structured forums that allow for dialogue between senior management and employees. We can recommend various tools and resources to address the need for development of new competencies or behaviors for either groups or individuals.

We can also help assess the potential need for organizational change — whether reorganization, recruitment of new capabilities, establishment of new functions or business units, etc. and assist in developing and implementing the steps necessary to put the changes in place.

In short, we’ll help you translate your bold new strategy from concept into reality … and success.