In a typical organisation, strategy is usually mapped out by a few people at a senior level but delivered by 100s if not 1000s at all levels throughout the organisation. Herein lies the fundamental challenge of ensuring that everyone involved in delivering on the strategy receives the same execution-based message. A recent Harvard Business Report study by Kaplan and Norton concludes that less than 10% of organisations consistently deliver on their financial goals, highlighting that execution is something most definitely easier said than done.
Business Execution is an emerging discipline that is transforming the way leading organisations such as Pfizer and Nestlé are driving execution today. This discipline is the basis on which leading software provider i-nexus has developed its Business Execution suite, an on-demand platform that aims to close the ‘execution gap’ in organisations by aligning the efforts of employees at all levels in pursuit of common goals. It transforms an organisation’s practice and performance by integrating core planning and execution processes into a closed-loop cycle that creates strong links between strategy and action. Business Execution is underpinned by three of the most widely adopted best-practice management frameworks: Hoshin Planning, Lean Six Sigma and Balanced Scorecard.
CEO and co-founder of i-nexus, Paul Docherty, has great understanding of the challenges faced by senior executives and CEOs today from his work coaching senior management teams in Global 500 companies. He explains: “What we see time and time again are situations where the measurements are in place for organisational tasks, but what’s clearly missing is linkage. Without the ability to link actions to outcomes it is almost impossible to check that the actions being taken at any given time are still the ones that will ‘turn the dials’ and deliver the business objectives at the end of the financial year.
“Business Execution allows organisations to improve on their ability to execute, often speeding up the process of execution and consequently bringing forward the delivery of strategy, whilst providing better agility to react to any warning signs.
“Ultimately, organisations that implement robust Business Execution systems dramatically raise the probability that they will achieve the goals they communicate to external stakeholders.”
i-nexus is driving forward the discipline of Business Execution providing comprehensive resources on www.i-nexus.com including a white paper, 16-page supplement and webinars.
For further details, contact Jenny Gibson on 0121 428 4200 or jenny@bluechillimarketing.co.uk
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