This week’s Fierce resource was originally published on Harvard Business Review and debunks five myths for translating strategy into results.
Myth: Communication Equals Understanding
Many executives believe that relentless communication is the key to corporate success. But Why Strategy Execution Unravels—and What to Do About It finds that even with the unending stream of emails and team meetings most communication still gets lost in translation. Only 16% of front-line supervisors and team leaders understand an organization's strategic priorities.
Myth: Execution should be driven from the top
“Concentrating power at the top may boost performance in the short term, but it degrades an organization’s capacity to execute in the long run. Moreover, if top executives insist on making the important calls themselves, they diminish middle managers’ decision-making skills, initiative, and ownership of results.”
Is your organization plagued by the “corporate nod”?
Read the article.