We don’t care what the plan says
Research indicates that 60% of corporations don’t link resource allocation (budgets) to their Strategic Plan. I am wondering how companies manage to execute strategy when strategic planning and resource allocation processes are not linked. To me, it looks like the company is on “auto pilot” and does not respond to new strategic directions very well.
I challenge companies that I meet to do one exercise – connect their projects to strategic objectives. In doing this they can see how their projects fit with the strategy.
If you work in the finance department with budgets and money – come down from your money mountain and start engaging in Strategy Execution.