Having worked across numerous organisations and industries I’ve noticed that often business strategies that look and sound great on paper fail when it comes to implementation. Why is that? Most often I’ve noticed it’s a failure to deliver it effectively through their people.
An Economist Intelligence Unit Report found that just 11% of businesses place a high priority on the development of skills required to implement strategy amongst existing employees and only 18% place a high priority on recruiting those same skills. Is it any wonder then that when it comes to getting those great business strategies of the ground, they find they don’t have the right people, in the right place at the right time with the right skills?
Over the next few posts, I’ll be discussing the steps you can take in order to test your business strategy and translate it into an effective people strategy that will increase your chances of achieving what you plan to.