Where organizations are becoming more digital, the human resources department must also become more digital; it should implement and live out necessary changes. The continuous process of reorienting this function as an agile, proactive contribution to the company’s success is referred to as HR transformation.
Bridging the Strategy-to-Performance Gap
Written by Bruce Nixon, CEO of Holocentric
A study found that executives typically deliver only 63 percent of their strategy’s potential due to breakdowns in planning or execution. Even the greatest strategies struggle if executed improperly.
The costs of strategy failures for a business can include confusion among the workforce, disparity between the organisation’s vision and its day-to-day operations, misuse of resources and waste of time and money.
Strategy Execution Study
In January 2013 STRIM introduced a snap poll on strategy execution. The guiding question was:
What are the essentials why companies fail to successfully execute their strategies?