Thousands Spent on Business Strategies with Poor Business Results

Execution the discipline of getting things done is desired by all businesses. However the reality is that the failure to execute happens to 70% to 90% of most companies according to one recent study. Another report in Fortune Magazine revealed that 7 out of 10 CEO's who fail, do so because of bad execution and not bad strategy. Finally, another study of Fortune 1000 firms suggested that these companies' directors believed that they had the right strategy, but only 14% thought the implementation of those strategies was going well. (Source: Business Balls)

As a business coach in talking with small business owners to owners of much larger companies, I can personally attest that failure to execute the strategic plan continues to frustrate these executives. For execution is a symptom of a much deeper problem, the lack of personal accountability or as some would say "What's in it for me?"

Until a company unites a disciplined process of personal accountability that ensures the employees are consistently executing the strategic plan, the plan will continue to languish and die on the vine only to be replanted with another and another and another.

Goal achievement along with personal development is the answer to strategic plan execution. Most people are asked to set and achieve organizational goals. Yet, how many of these same individuals set and achieve their own personal goals. And more importantly, when was Goal Setting and Goal Achievement taught to these very same individuals? Answer, probably never.

The failure to achieve execution is because your people have been set up to fail before the first goal was committed to writing within your strategic plan. Consistent goal setting and goal achievement is a learned and developed skill. When the skill becomes automatic, the individual's own personal accountability becomes likewise. For continued goal achievement starts these individuals on a road where they receive success because they believe in success.

If you want your organization to realize a positive return on investment for those thousands of dollars that you have spent on a strategic plan, then adopt a proven goal setting and goal achievement process that inherently builds personal accountability. You will be truly amazed by the results.

Article Source: http://www.content.onlypunjab.com

Leanne Hoagland-Smith, M.S. is a business coach and executive coach with offices in Indianapolis and near Chicago. She writes, speaks and coaches people in businesses to quickly double or triple results through the creation of an executable strategic plan along with the necessary leadership skills "to pull it off." One quick question,What's keeping you from executing your strategic plan to get those desired business results? Then, take a risk and give me, Leanne, a call at 219.759.5601 for a free telephone consultation. Visit www.processspecialist.com/ and explore everything from free articles to connecting with Leanne.

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