Bucking the trend, ensuring strategy delivery…

You’ve likely heard the well-known statistic that 90% of strategic plans fail; It’s easy to believe the fault lies with a poorly designed plan, but even 67% of well-formulated strategies fail due to poor execution.

At PBS we are committed to bucking this trend, ensuring delivery of a strategy designed and delivered by our team.

Eight months into our strategy going live, we’re seeing the rewards and continuous improvement for our organisation thanks to sustained focus on the six strategic principles we’ve set ourselves.

Today we gathered our leadership team for a second off-site review to check-in against our progress and align our next steps.

Using our innovative digital live strategy view – which allows our leaders to have a clear view at any time of the progress from a high level, right down to specific actions against each of our strategy principles – our team leads walked us through what’s gone well, what’s outstanding and what’s coming up.

GMOC Director Adam Mason said:

“The energy and enthusiasm is inspiring! Designing a strategy is one thing, but delivering it is quite another – and not easy, which is well known throughout the industry.  But the way we’ve set ourselves up with a first-class system to monitor and measure progress, means executing our strategy has become easier through visibility of progress and actions. Eight months in we are proud of the strategic progress we are making. Well done to everyone”

How have we done it?

1. SET OBJECTIVES: We have clearly defined our goals, as a group, to ensure alignment and ownership.
2. JOINED THE DOTS: We have linked strategic principles to our Mission, Vision, Values, Leadership Fundamentals and KPI’s.
3. COMMUNICATE: We have effectively communicated our strategy throughout the organisation with a full strategy document
4. EMPOWER: We’ve allocated a delivery team and lead for each strategic principle
5. ENABLE: Surrounding our principles we have added three important enablers to support strategy delivery (1) Technology & Innovation (2) Management Of Change (3) Brand Alignment
6. MEASURE: We’ve created a live portal to monitor and measure progress – which is used daily and links to our live action planner
7. REVIEW: We conduct regular reviews offsite to check in on progress and remove barriers
8. CELEBRATE: We celebrate and recognise the efforts and commitment of our team to execute our strategy