Don’t Lead by Example
To guide an organization through the execution of its strategy, leaders… don’t lead by example.
In strategy execution, leaders are responsible for driving the strategy forward and championing the direction the organization is heading. This involves, for example, reviewing progress, coaching people, resolving issues, and ensuring the right outcomes are being achieved. Leaders don’t lead by example as they don’t implement strategy; their employees do.
Before you even start your strategy execution, the odds are stacked against you as more fail than succeed. I have seen from my seventeen years consulting in this field that leaders are guilty of delegating the execution and not paying adequate attention to it. When leaders do this, their people also stop paying attention to it. McKinsey & Company stated that, “Half of all efforts to transform organization performance fail either because leaders don’t act as role models for change or because people in the organization defend the status quo.”
Show Confidence in the Strategy
If leaders perceive execution as an interruption to the business, they will not drive and champion it.
Anything short of embracing a new strategy and its execution by leaders can be seen by employees as a lack of confidence in the strategy itself. That feeling will spread throughout the organization.
- If you only apply lip service to the execution without championing it, employees will sense the lack of commitment and not step up; the execution will fail.
- If you don’t create the time to oversee the implementation journey, change the agenda and explain why the organization needs to transform, then employees will sense the lack of commitment and not step up; the execution will fail.
- If you don’t set the strategy and create the budget to allocate required funding, employees will sense the lack of commitment and not step up; the execution will fail.
Booz and Co. Survey: 53% don’t believe their company’s strategy will lead to success.
A key question to consider is: “What are you willing to do to execute your organization’s strategy?”
In contrast, strategy execution progresses when leaders support their comments with time and actions. Because only so much can go on a leader’s radar, he or she has to carefully select which actions will best drive the execution forward and where to invest their time.
Booz & Company surveyed executives from around the world on the results of their organizations’ strategic initiatives. Given more than 2,350 responses, the findings suggest a high degree of disillusionment, including:
- Two-thirds (67%) say their company’s capabilities do not fully support the company’s own strategy and the way it creates value in the market.
- Only one in five executives (21%) thinks the company has a “right to win” in all the markets it competes in.
- Most of the respondents (53%) don’t believe their company’s strategy would lead to success.
If leaders don’t believe in the strategy, they will never be authentic and sincere in executing it.
PWC Survey: 55% of CEO’s state lack of trust is a major threat to growth.
Demonstrate Increased Commitment
A significant shift in strategy requires a significant change in a leader’s day-to-day activities and in resource allocation across the organization.
Even though leaders instinctively know execution requires extra effort, few are able to free up valuable time and resources to do it justice. Some are not willing, and others are basically hoping it won’t be needed. As a result, little energy toward the execution is displayed. Committing the time for execution every week in your schedule is a best practice. It also shows authentic commitment and sincerity.
As a leader, when you reallocate your personal time and focus, you send a powerful message across the whole organization. If you don’t commit the time yourself, how can you expect others to? And if people don’t see your energy in a visible way especially at the start of the journey, then they will question the organization’s commitment to strategy execution.
Carve out time and energy to transform the business rather than only run it.
It’s estimated that 67% of a leader’s time is spent making or receiving reports. If this percentage seems accurate for you, then it begs the following questions (not just for reports alone but for managing your time daily).
Ways to Carve Out Time and Energy to Transform the Business
- If a report was not sent out for six months, would anyone miss it?
- Do you really need to attend every meeting on your agenda?
- Could you send your number two person instead of attending personally?
- What could you be doing that is more productive than the meeting?
- Is the agenda for the meeting the right agenda?
- Is there a better format you could be asking your team to use? For example, could you do a one-page or 20-minute summary of the essential information?
- Do you do the work you want to do or the work you should do?
An important part of a leader’s time is spent being visible in the organization during the implementation journey. They must be driving and championing the execution with sincerity.
Leadership Tip: Increase visibility when championing a change strategy.
For more information, please visit: Excellence in Execution: How to Implement Your Strategy.