As a leader or aspiring leader, it’s critical to not only think strategically, but be able to develop and lead the execution of strategy. According to the Harvard Business Review, 90% of businesses fail to reach their strategic goals, which researchers believe is due to a gap between strategy and execution. In this episode, Tareka will take a deep dive into bridging the gap between strategy and execution. She will give you clear steps for how to develop a strategy and successfully lead execution with your team or within your organization. This is a must listen episode for all leaders and aspiring leaders that want to ensure they are strategically and effectively executing strategies amongst their teams or organizations.

KEY POINTS AND STRATEGIES

• Strategy is a process of creating a set of well-defined activities with the aim of occupying a valuable position within a competitive landscape.
• Everything we approach or try to achieve should be done strategically.
• According to the Harvard Business Review, even the best strategic plan can fall flat without the right execution.

Steps to Creating a Strategy

1. Develop Goals and Aspirations
2. Develop Action Plans and Activities
3. Identify the Resources and Capabilities Needed
4. Identify Ways to Monitor and Iterate

Key Steps for Effective Execution

1. Commit to the Strategy
2. Communicate Clearly to Educate and Empower Staff
3. Measure and Monitor Performance
4. Find Balance Between Innovation and Control of Original Strategy

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