According to The State of Strategy Execution Benchmark Report, companies face an average of three barriers in adapting to change.Complex governance and approval processes, unclear or conflicting priorities, and lack of resources are some of the most common barriers. These risks and barriers bring pressure and hinder organizations from successfully achieving on-strategy execution. Business leaders must prioritize speed or risk falling behind and losing customers.Speed, agility, and innovation are paramount, demanding and creating tectonic shifts within many organizations. To ensure they continue to deliver value, companies need to drive new approaches for greater adaptability and funding – effectively executing on strategy with the flexibility to adjust as the needs of the business change.Business leaders and EPMOs like you can guide the organization on a transformation journey by:
1. Moving from an annual to a continuous planning process
2. Investing in initiatives that align with your organization’s strategy and aims
3. Using roadmaps to outline a clear picture of your transformation journey
4. Focusing on outcomes and benefits rather than tactical outputs
5. Conducting checkpoints every quarter to assess the performance of your portfolios
This eBook presents five steps to help you become a strategic, more maneuverable organization that drives business results.
