Putting strategy into practice
Developing a sound strategy does not mean that it will be put into practice – in fact the failure rate for strategy execution has remained constant over several decades at around 75%. A research project by UQ Business School on behalf of the Australian Research Council aimed to find out what characteristics were required for effective strategy execution.
The project was led by Dr Charmine Hartel, an expert in human resources management and organisational development, and carried out in conjunction with the glocharbal consulting firm Palladium.
It identified four key sets of characteristics in leaders that are fundamental to executing strategy – the ability to ask the right questions and know how to apply their efforts to deliver results; integrity and values; the emotional acumen to bring people together; and the ability to motivate stakeholders to grasp the vision for the organisation.
Are you an organisation in need to solve a business issue? Contact Charmine Härtel to know more about her work and benefit from her expertise.