What’s the bigger challenge—coming up with good plans or executing those plans?
I showed them a 2×2 grid with Plan along one axis and Execution along the other. I asked the participants to identify where they saw initiatives ending up in their organizations. More than 375 people responded. Here’s where they located most initiatives in their experience:
Bad Plan – Good Execution (13%)
Good Plan – Good Execution (4%)
Bad Plan – Bad Execution (8%)
Good Plan – Bad Execution (74%)
The problem, as this group saw it, was execution.
Are these numbers unusual? No. In Navigating Change: How CEOs, Top Teams, and Boards Steer Transformation, authors Donald Hambrick, David Nadler, and Michael Tushmanreported similar research numbers with 70 percent of their respondents also falling into the…
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