The New Science of Strategy Execution: How Established Firms Become Fast, Sleek Wealth CreatorsStrategy execution has far more potential for value creation than does strategy formulation. This book offers a complete tool kit to help firms achieve world-class strategy execution status. It focuses on initiative management, aligning executive, operating, and support processes with market rhythms, the seven stages of business growth, and time-phasing initiatives with the competitive realities of the firm's environment. It also demonstrates how to track the ripple effects of change throughout the organization. By emphasizing market rhythm, which is four to five times faster than how often a firm's best customers buy (the buying cycle), this concept of strategy execution seeks to ensure that the processes of established firms will be freed from their ineffective, out-of-sync status. How? By showing how and why all executive, operating and support processes must become prioritized, aligned, linked and synchronized (PALS) with the firm's unique market rhythm. A culture of world-class execution cuts through the clutter, confusion, and wasted time more effectively than the complex change techniques being used in many firms today. |