“A vision without a strategy remains an illusion” – Lee Bolman, As Lee Bolman says, it’s important to focus on strategies to achieve goals by breaking away the illusions. Any organization works on strategies when it is the need for radical change. The strategies can be either good or bad as all the decisions are taken by keeping under consideration the financial position, environment, economics and business goals. In this blog, we will discuss about the Five Reasons Behind the Failure of Strategies.
The strategies fail, irrespective of being good or bad, and it is very difficult to point at any specific reason. The implication of strategy depends largely on the cultural nuances, emotions and experience of the decision makers. Yet, this is one of the prime reasons for the failure of strategies. Below are the reasons to create balance:
In the strategic decision-making team, there are going to be people with different mind-sets, agendas, thought processes, experiences and learnings. If these diverse ideas are not placed properly, it can create disputes with in the organisational culture which will affect the final execution timeline of the product. The organisation must understand its environment to understand the implication of the strategies on its people and organisation.
The strategy cannot stay stagnant through-out the time. It has to be flexible as per the time period and the condition. The inability to change the strategy as per the trending market scenario can lead the organisation towards the major downfall. It is important to ensure that the strategy which is being made is dynamic enough to be changed as per the diverse market condition.
Bridge the gap:
It is not necessary that once the strategy has been shared, the team will understand it entirely on its own. It is important for the organisation to arrange the meeting and look forward to bridging the gap by answering the queries regarding strategy and its implementation and making sure no one leaves the meeting with a doubt in their head.
The organization must keep under consideration that the behaviour of every individual is different. Every individual function in different way. And there is a high possibility for any individual to be an obstacle in a smooth execution of strategy.
The Perfect Plan:
There is no perfect plan ever. While discussing the strategy with the team, the organization should ask every team member to come up with the possible errors along with their solution they think might occur while implementing the strategy. But still this will only help to solve the inbuilt issues. The external issues still can occur at any point of time.
So, before initiating any strategy it is necessary to ensure everyone’s involvement from the team and everyone’s commitment towards the success of strategy.
Written & Compiled by Faber Priyal & Faber Mayuri.