3 Tips to Help Implement Your Strategy

"History has belonged to those who execute best; strategies can be readily copied."

Here are 3-tips that will help you with executing your strategy:

1. Act consistently and consistently act: Execution is about attention to detail, budgets, and deadlines. Mistakes will be made and compromises will be required. Deliberate and sustained effort will ultimately ensure the best chances for your strategy.
2. Link the organizational reward system and strategy execution: The reward system of a firm focuses on and influences both individual and group behaviors. Good execution depends on a reward system that signals what is desired. Highly motivated employees will drastically improve the chances of successful execution.
   
3. Foster an open and supportive organizational culture: The individuals involved in executing a new strategy must feel free to question supporting activities. Both successes and failures need to be understood so that requisite new skills and systems can be developed to support the strategic initiatives being implemented or so that the initiatives may be revised to allow successful implementation.

- How to Plan and Execute Strategy - by Wallace Stettinius, D. Robley Wood, Jr, Jacueline L. Doyle, and John J. Colley, Jr. Published by McGraw-Hill. Page 44  Execute with Discipline