Why good strategies fail execution? Essay
Why good strategies fail execution?
Fast decision making is like playing without thinking. Because of the fast issues coming to the business, the management sometimes lacks the patience to do some research or conduct meetings before deciding something that must be done. This will cause changes of decision every now and then, unprofessionalism and conflict. Other reasons that are also considered are the failure to tell the truth, the failure of acceptance for people, the failure to understand and solve the right problem, failure to adopt, failure to act, failure to achieve operational excellence, failure to develop a product culture and more.
If not given the proper attention, these factors may rise all at the same time giving the company a hard time to cope up from its problems. In Figure 1, managerial incompetence in the main reason why a business fail. It means that it will be nothing less but the management’s fault if a business fails. Figure 1 Main Reason for Business Failure Symptoms of Failure Given all the reasons of business failures, how can we measure the stability of our business? How can we know if we are still in the right path or not? Here are some guidelines that can be considered: 1. ) Financial Problem 2. ) Conflict of people and the management.
3. ) Marketing problem 4. ) Customer problem 5. ) Product quality problem and more. Problems are always inevitable. If it is only detected on time and solved by the right people, these problems will not be a threat to the company. There are also some tools that can be used to measure the capacity of the company’s performance and strategies in decision making. Examples are the SWOT and PEST analysis, the Kraljic Matrix and more. Why Good Strategies Fail Execution? All business would want to have good governance in their business but no matter how they try, some of their decision still fails to implement.
Here are some of the reasons why: 1. ) Poor Synchronization Dissemination of information to workers may cause to non compliance and ignorance. This would rather make the people confuse and irritated. Lack of experience to execute decision or information is also a factor. It should be understood by the management that all decisions or changes in the company should be disseminated from the lowest position up to the boss. 2. ) People vs. Process It’s a big problem when the people question the management’s decision. The management should also see if the people will comply or not. Will they be willing to cooperate? Will be fair to all?
University/College: University of California
Type of paper: Thesis/Dissertation Chapter
Date: 17 May 2017
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