In last month's column, we explored the three capabilities that contribute to making companies successful at executing their strategy. These capabilities are visibility, leverage and responsiveness. Visibility is seeing what is coming to know if and when change is needed. Leverage is knowing what actions will most effectively drive a desired outcome. Responsiveness is acting quickly and efficiently to achieve results. These three attributes are the core capabilities of market-leading companies. These attributes are "states of being" that allow companies to drive superior results via the intentional and consistent execution of their strategy.
In this column, I will review the structural elements that can be put in place to develop these three capabilities. My research finds that these capabilities are the outcome of a set of well-conceived processes and practices. That is, any company can decide to be successful at executing its strategy! As a matter of fact, any company can compare itself to a strategy execution maturity model to gauge its readiness to continually execute its strategy.
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