“A brilliant strategy, blockbuster product, or breakthrough technology can put you on the competitive map, but only solid execution can keep you there. “
So begins the Harvard Business review article “The Secrets to Successful Strategy Execution” written by executives from management consulting firm, Booz Allen Hamilton, Inc .
According to the authors, “Execution is the result of thousands of decisions made every day by employees acting according to the information they have and their own self-interest.”
Their research identified four fundamental building blocks executives can use to influence those actions:
- Clarifying decision rights (setting expectations)
- Designing information flows (making sure people are on the same page, have the right information to do their jobs)
- Aligning motivators (recognition and rewards consistent with attitudes, behaviors)
- Making changes to structure