9 out of 10 strategies fail to be implemented successfully. Bridges Business Consultancy Intl Research. Check out our website

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1 9 out of 10 strategies fail to be implemented successfully Bridges Business Consultancy Intl Research Check out our website

2 Bridges Business Consultancy Int Pioneers in the Field of Strategy Implementation Businesses create strategies to win market share, improve operations and service, outplay the competition, launch new products and ultimately increase share holder value. But no matter how good a strategy is, it must be implemented successfully to generate revenue. More often than not it is not implemented successfully. The corporate graveyard of strategy implementation is littered with organizations that have failed to make their strategies come alive. Despite the best intention of the leaders and organizations, research conducted by Bridges Business Consultancy shows: 9 out of 10 strategies fail to be implemented successfully. Bridges Research.1 9 strategies 10 f a i l t o b e implement e d s u c c e s s f u l l y Very few leaders free up the valuable time and resources to do justice to the implementation. In many situations, leaders become so caught up in managing the day-to-day business that they lose sight of their goal to implement the new strategy. Today, there s a growing realization that designing a good strategy alone does not guarantee success. A shift is happening from the need to not only create a strategy but also to focus on implementing it well. This is where we come in. Welcome to the world of Bridges Business Consultancy, a global business consulting firm that is widely recognized as pioneers in the field of strategy implementation. Simply put, we work with client organizations to make their strategies come alive. Our proprietary tool the Implementation Compass guides clients through the labyrinth of implementation challenges by using the eight critical areas Leadership teams habitually underestimate the implementation required for excellence in execution: People, Biz Case, challenge and what is involved. They believe that once they have Communicate, Measure, Culture, Process, Reinforce and created a new strategy, the hardest part is over. Not true. The Review. hardest part implementation is just beginning. Our pioneering work in strategy implementation has been Bridges s research also shows that the 10% of organizations that extensively featured in international print and electronic media successfully implement their strategies doubled the effort they including the Financial Times, the BBC and strategy journals. had spent crafting them. Only a few leaders are cognizant that implementation requires extra effort..1

3 Introducing you to Bridges Business Consultancy Int 3. We ensure your implementation is your own. The execution of your strategy is all about you and your culture. Every implementation is unique and you have to own the journey. We partner with you to transfer our knowledge of implementation into your organization so that you become self sufficient. We set you up with the right skills, knowledge and attitude to be that one-in-ten success story. When to engage us Our work starts as you put the finishing touches on your strategy. Much like a skilled craftsman who starts to work once the architect has drawn the blueprints, our implementation specialists help you shape your implementation plan and share with you what works and what to avoid. Who We Are We are a global business consultancy considered by many as Call us when you are finalizing your strategy and thinking about pioneers in the field of strategy implementation. We work with how to execute it. governments, multinational corporations and indigenous organizations across five continents, helping them make their Why engage us strategies come alive. At the turn of the millennium, Bridges was born from the frustration of watching so many implementations fail. The Bridges team has conducted research over the last decade, This fueled the desire to be a catalyst in helping leaders developed frameworks and crossed new bridges as pioneers of successfully implement the new strategies they create. implementation thinking, so we can assist companies in strategy execution. Our team of consultants draws on decades of real-world At heart, we are a team of people who truly believe in --- and experience passionately focus on --- excellence in execution. companies. Today, we combine that solid experience with a in starting, managing and growing successful passion for winning executions, enabling us to achieve maximum business impact for our clients. Most of our work comes from repeat clients a testament to our consistent delivery of quality, pragmatic Three things to know about us outcomes, mostly MNCs and governments. 1. We only work with a handful of clients each year so we can ensure their successful implementations. For us, the greatest satisfaction derives from seeing your strategy succeed. Hence, we take on only a select few clients, giving us time to fully support and work with your organization through the many challenges that lie ahead. 2. We should warn you, we are crazy about implementation. Many of our peers and even our clients ask, Are we crazy? Why focus on implementation? It s the toughest, most timeconsuming part! Yes, it is. And we probably are completely crazy because we love the business we are in. We actually have fun implementing! We relish rolling up our sleeves and working hand in hand with you to drive the right actions. After all, it is in the implementation that you see the results..2

4 Our Span Business Consultancy 2. Strategy Implementation Readiness Assessment SIRA We are in the business of strategy implementation. Period. After crafting your strategy, your next challenge is to make it come alive for everyone in the organization. We will assist you to cross this bridge by providing you with the discipline, framework, proprietary tools and techniques that are critical to your success. Bridges proprietary tools and techniques 1. Implementation Compass 2. Strategy Implementation Readiness Assessment - SIRA 3. Strategy Implementation Review SIR 4. Strategy Action Meeting - SAM To identify the organization s readiness for implementing a new strategy, Bridges conducts a Strategy Implementation Readiness Assessment (SIRA). Implementation This Compass, assessment helps tool, identify based your on the organizational strengths, weaknesses and actions as a preparation for implementing 1. Implementation Compass your strategy. This Bridges tool was developed with continued extensive research since It encapsulates best practices from 3. Strategy Implementation Review SIR successful implementations and provides organizations with a This proprietary Bridges tool is designed to support the least - framework for implementing strategy that is so often missing. practiced component of successful implementation Review. The Implementation Compass helps identify the action you need Leaders craft strategy and identify actions; however, more often than to take today to deliver tomorrow s performance. It allows not, they do not make concerted efforts to follow though. Simply put, organizations to assess their implementation readiness, identify they put in little focus in making sure that their strategy is implemented. the key areas to tackle and most importantly, take the right actions on a day-to-day basis that will deliver long-term performance. SIR provides the structure to capture these changes, to ensure that strategy implementation is on track and that the right actions are being taken. It ensures that time is taken to step back and examine the current position relative to the articulated objectives. 4. Strategy Action Meeting - SAM Leaders are responsible for identifying the strategy and then the actions they need the staff members to take to execute them. The identification of the actions that need to be taken deserves more than being rushed at the end of the final strategy planning meeting, it deserves its own platform, its own Strategy Action Meeting - SAM There needs to be a bridge between agreeing the strategy and starting its implementation. This bridge is called SAM. SAM is a minimum oneday offsite when the leaders step back to discuss and decide on the actions to be taken; as well argue and then agree on responsibilities. The value of separating the plan of action from the strategy planning is: Demonstrates the importance of the action planning requires Leaders are fresh as it is a new day Create the platform for detailed discussions Ensures a higher level of commitment from the leaders Allows time to discuss lessons from past failures in the company and to identify the critical success factors

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6 Our Span Seminars and Master class Our Public Seminars 1. Execution Leadership: Leader s Role in Implementing Strategy A half-day executive seminar for leaders who craft corporate strategy Leaders get it. They know that a titanic mistake has been to focus more on crafting strategy than implementing it. This is not a hard sell to leaders. The staggering failure to deliver on their strategy promises has led to strategy implementation becoming an integral part of business today. Too many leaders on too many occasions have been involved in too many failures. Something needs to change and it starts with the leaders. The seminar addresses what they must do and more importantly how they can do it by providing the framework, models and playbook. 2. Strategy Implementation for Leaders (Previously known as Make Your Strategy Come Alive) A one-day seminar for people who are in charge of making the strategy happen Have you ever invested the time to craft a strategy and then been disappointed with its results? Or have you been involved in a workshop to design a new plan and then got so caught up in the day-to-day business, the action items were forgotten? Or have you been part of a project that, despite everyone s best efforts, did not deliver the desired results? This highly engaging and enriching one-day seminar, based on the international bestselling book Bricks to Bridges Make Your Strategy Come Alive, addresses the challenge of implementing strategy. Starting where most seminars end, it explains what to do after you have crafted your strategy. It s packed with what works and what to avoid, plus the latest thinking in the field and a framework to guide you on your implementation journey. 3. Mastering Implementation: Building Your Implementation Plan A three-day workshop for people responsible for creating and executing the implementation plan An exciting, intricate, hands-on master class over three full-on days for people who are responsible for building and delivering the strategy implementation plan and want to excel in execution. Initiated by our clients requests, the workshop recognizes that every organization is different and every strategy implementation is unique. Although two organizations may have similar strategies the implementations are never the same. The challenge that follows crafting a strategy is to work out how to execute it. After all, it is not strategy that delivers revenue but its implementation. In-house Seminars 4. Double Bridges How to Implement Strategy Double Bridges is a strategy implementation intervention based on extensive experience and years of research. It addresses this urgency: when implementation succeeds, it is not only top-down driven but also bottom-up sustained. This Double Bridges approach gives you the methodologies and techniques that address today s concerns so you can build tomorrow s successes. 5. Operational Excellence for the Banking Industry: Why Wouldn t You Do It? Banks are notoriously bad at managing operations. Fortunately this is a well kept global secret and most customers are not aware of the number of mistakes made, funds lost or time taken to complete transactions. This one-day, interactive, inspiring and informative workshop recognizes that there has never been a more important time to improve the way we operate, to be more competitive and to improve the global perspective of banks. The workshop focuses on providing a framework to guide you through the implementation of operational excellence. It identifies the main steps, shares examples from other banks (both what works and what to avoid) and demonstrates how OPEX delivers the dollars to the bottom line, through cost savings and increase business. 6. Roll Up Your Sleeves - Crossing the bridge to action "Without action, the world would still be an idea." This is a famous quote in the INSEAD library in France and aptly captures the essence of this dynamic and impactful half-day working session. "Roll Up Your Sleeves" is designed for an organization who needs to cross the bridge from creating ideas to implementing actions; although easy in theory, rarely is it done successfully. The session picks up where most workshops/meetings end. It is not enough to just identify the actions and assign responsibilities. If it was then we would not have so many poor implementations. In this session we focus on, overcoming organizational issues; making sure the actions are the right ones to drive performance forward and identifying the critical successful factors. Roll Up Your Sleeves is a perfect fit for any company who is seeking a hard hitting and focused session for converting ideas into the right actions..5