Strategic Execution Planning

Develop an execution plan for your strategy

Once your vision and strategy are in place, the real work starts: implementation. To ensure your strategy executes according to your expectations, you will need to build an execution plan.

Strategic execution planning with Nextrday is very pragmatic and includes clear actions and tactics throughout time, with roles and responsibilities, actions, milestones deliverables and success metrics.

And above all, your implementation plan will make sure that all the tools, capabilities and people are in place to drive the successful execution of your strategy.

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“Too often, leaders focus on producing a fancy-looking strategy presentation. Which is a great start.

But strategy is 90% implementation. Without execution, your strategy is doomed to fail.”

Alexandra van der Stap

Founder & Lead Consultant Nextrday

Cascade Strategy Throughout Your Organization

A strategy is only as good as your ability to implement it. And alignment throughout your entire organization is crucial to successful execution of your strategy.

With Nextrday’s strategy cascade process and tools, you will align your entire organization behind your strategic goals and objectives and drive execution across all regions, functions and business units.

strategy-cascade-visualization-through-organization-with-teams

Build a
Strategy To Execution Plan

Increasingly, executives list strategy execution as one of their main challenges. Strategies look great on paper, but strategic objectives are often missed or take much longer to achieve than hoped, thus missing expectations and disappointing internal and external stakeholders alike.

Outline a solid, company-wide strategy-to-execution plan, build alignment and ensure it gets implemented and your strategic goals and objectives are met. As great strategies deserve – and require – relentless execution.

Strategy execution planning is the key to a successful implementation of your strategy.
At Nextrday, we understand the importance of strategy creation combined with strategy execution.

Start planning your success today

Nextrday Strategy Execution Go-to-Market Plannng

Six key steps to
plan and execute your strategy

1. Finetune Your Strategy

Ensure your strategy can in fact be executed. Too often, strategy execution fails because plans are too ambitious (or not ambitious enough), based on the wrong assumptions about market opportunities, customer needs, competitor actions, or an overestimation of an organization’s internal capabilities to support implementation.

In order to get strategy execution right, is is advisable to test strategic assumptions and choices before starting implementation.

2. Plan For Execution

Translate strategy to execution by outlining the strategic initiatives, projects, tactics and actions that need to take place in order to make it happen. Allocate time and resources and cater for interdependencies.

But most importantly, ensure that the entire organization is aligned in strategy execution, vertically (from the corporate headquarters down to regions and business units, functions, teams and individuals) as well as horizontally (between regions, business units and functions). As all parts in your organization will need to come together to drive a successful implementation of your strategy.

3. Allocate Resources

Nothing will get done without the people to do it. Just adding strategic work on top of people’s day jobs is not enough. Ensure that capacity is freed up by setting priorities and that activities are coordinated across the organization.

4. Build Capabilities

Your strategy might need new communication tools or technical platforms, innovation capabilities or extended supply chain or distribution capacities. Ensure you include these in your execution plan.

5. Communicate Your Strategy & Plan

If you teams do not understand your strategy, execution plans, or their role to play in these, chances of success are low. Allocate enough time to communicate strategy and implementation plan, ensure people are engaged, and that personal goals and objectives are aligned.

6. Manage Performance & Progress

During the execution phase, measure progress against objectives and finetune where needed. Do not forget to share successes as well as challenges!

Build Your Strategy with Your Teams.

Engage your coworkers and create your vision and strategy with your team. You will not only end up with a better strategic plan, but it will help with the adoption and execution of your strategy as well.