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The Pulse

| less than a minute read

Getting the strategy right is hard, executing on the strategy can be even harder

Great article from HBR noting how difficult strategic planning is in this time of dynamic and dramatic change, but also making the clear point that creating the strategy isn't even half the battle. 

Law firm strategy in a dynamic and rapidly changing environment is increasingly difficult. Technology disruption is multiplying the effects and speed of change. However, the human brain, especially the lawyer brain, doesn't like change. Anchoring to prior ways and views preserves energy and is the human brain's default choice. This article suggests that a strategy has a significantly higher likelihood of success if: 1) organizations avoid anchoring to prior approaches (importantly, including in budgeting), 2) strategic direction is clear and precise, not vague, and 3) real resources are expended in strategy implementation.  

Inertia is strong. Successful organizations need to be stronger.  

Most organizations invest top management time in strategy design. Fewer invest as much in its mobilization—the critical work between decision and execution that ensures a strategy survives an organization’s inertia.

Tags

strategy execution, resource allocation, organizational change