Money Iceberg – how much of your potential gets realized?
Many times in the past years, I have been asked the question – “What is the derivable value when strategy execution is successful?” We know there is potentially a huge value from successfully implementing the strategy, but only recently I came across research data that quantify this value.
According to a research published in The Harvard Business Review, “Companies realize only 40 to 60 percent of their strategies’ potential value”.
I think Jeroen De Flander puts it very nicely when he describes the “lost value”.
Knowing that your organization loses between 40 and 60 percent of its strategic potential on the execution highway between the city “strategy” and the city “performance”, is an interesting fact but doesn’t really help solve your problem.
That is why I am happy to see that universities around the world have started focusing on the Strategy Execution process.
These Strategy execution processes should also be supported in Balanced Scorecard Software. Corporater now has a brand new module “Corporater Workflow” which helps companies define their strategy execution rules.
Think its time to realize your company’s full potential? I hope you will contact Corporater and we can assist you in reaching out to good consultants and getting to know software that will really help you execute strategy.