Strategy implementation and the 4 remaining challenges.
Strategy implementation as well as change management is a very demanding process, which you need to be on top of every step of the way. All the time you’ve spent in advance coming up with the changes or the new strategy will be in vain if you are not able to execute it well. According to the well known 80/20 rule, the implementation part is the 80.
Depending on it’s size and complexity, it is the 80 % chance of failing or succeeding, the 80 % of the total effort with the project, it needs to reach 80 % of the employees and it will propably take 80 % of the time spent on the entire project.
Now, let’s get on with the last 4 stages/challenges of strategy implementation: