Five Strategies Successful Companies Use to Get the Job Done

(Daily Finance) — A lack of vision or a strategic plan isn’t the trouble at many companies. Rather, it’s that they can’t move from idea to reality. “It doesn’t matter how good your strategy is, if you can’t execute it,” says Richard Lepsinger, president of OnPoint Consulting and author of the recently released Closing the Execution Gap: How Great Leaders and Their Companies Get Results. For many companies, he says, a clear gap separates intent and execution.His belief isn’t based on a hunch. OnPoint has studied over 400 companies and found that 49% of leaders surveyed reported a gulf between their organization’s ability to formulate and communicate a vision and strategy and its ability to deliver results. Research also showed that only 36% of leaders who thought their company had an execution gap responded positively to the statement, “I have confidence in my organization’s ability to close the gap between strategy and execution.” That means some 64% of leaders who saw an execution problem didn’t believe their company could fix it.

Read More…