{"id":9863,"date":"2010-11-19t13:15:45","date_gmt":"2010-11-19t17:15:45","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=9863"},"modified":"2010-11-19t13:15:45","modified_gmt":"2010-11-19t17:15:45","slug":"six-reasons-your-big-plans-will-fail","status":"publish","type":"post","link":"\/\/www.g005e.com\/2010\/11\/19\/six-reasons-your-big-plans-will-fail\/","title":{"rendered":"six reasons your big plans will fail"},"content":{"rendered":"

why do well-formulated strategies fail so often?<\/strong><\/p>\n

\"norman
norman marks<\/figcaption><\/figure>\n

why is it that less than 10% of strategies effectively formulated are effectively executed?<\/p>\n

norman marks, a grc guru and sap evangelist<\/a>, knows:<\/p>\n

    \n
  1. decisions may be made based on unreliable or untimely information. this is an issue that affects the setting of strategy as well as planning, execution, and monitoring of performance<\/li>\n
  2. employees don\u2019t understand how the strategy affects them, and how their decisions impact others. the strategy is very high-level and not translated into actions each manager has to take to deliver on the strategy \u2013 which are then clearly communicated to those managers. in fact, they continue to work on their own projects, and their own priorities, which may not be linked to the enterprise strategies, goals, and objectives<\/li>\n
  3. it\u2019s unclear who is accountable for ensuring execution of initiatives, projects, and tasks<\/li>\n
  4. there\u2019s no link between strategy and risks. risks are not addressed and managed, during strategy definition, planning, execution, or monitoring<\/li>\n
  5. there\u2019s no link between budgeting and strategy. i have seen situations where the company falls short of its performance targets, generating less cash than expected, but doesn\u2019t have the linkage to drive adapting the strategy, major project plans, etc.<\/li>\n
  6. incentive systems aren\u2019t linked to the achievement of the organization\u2019s strategy, and individual goals are not aligned with the company\u2019s<\/li>\n<\/ol>\n

    what are the reasons in your organization?<\/p>\n