Allan Ryan presenting the QTool at Strategy Execution

Collaboration unleashed: 10 key insights for successful strategy execution

Strategy Execution 2024 exceeded even our expectations for fostering a knowledge-sharing environment among attendees. So, what set it apart? The innovative 20/20/20 format and open questions, which prompted countless conversations and networking.

Participants experienced 20 minutes of expert insights, 20 minutes of collaborative group discussions, and 20 minutes of sharing key takeaways with the entire cohort. This approach encouraged active engagement and ensured everyone’s voice was heard.

In addition, we flipped the script with speakers asking thought-provoking questions, sparking rich conversations and deeper connections among participants. Moreover, rotating table groups promoted networking and exposed attendees to diverse perspectives.

As a result, the day was abuzz with ‘a ha’ moments as each group shared their collective insights. This unique format truly showcased the power of collaboration and inspired new ways of thinking about strategy execution.

Key Takeaways

5 tables, 5 speakers, 3 questions per speaker – plus an expert panel and MC – created a wealth of insights, which we’ve collated into 10 key takeaways:

A Top-Down Approach to KPIs:

Organising KPIs from the top down, focusing on stakeholder needs, is crucial for effective strategy execution.

Importance of Organisational Structure:

A strategic planning framework embedded within the organisational structure is essential for setting KPI targets and action plans.

Stakeholder-Centric Strategy:

Stakeholders play a central role in strategic planning, and understanding their needs is fundamental to defining KPIs and driving success.

Customer-Centric Thinking:

Strategy development should focus on what makes a good customer experience, emphasising the importance of the customer perspective.

Utilising Stakeholder Input:

Leveraging the voices of key stakeholders can guide and improve strategic decision-making and KPI development.

Enhancing Engagement:

Structured sessions and layering techniques can strengthen engagement with staff and stakeholders, fostering a collaborative approach to strategy execution.

Diverse Perspectives:

Recognising the diversity of perspectives across industries is essential, as every business context is unique and requires tailored strategic approaches.

Harnessing AI:

Exploring the potential of AI in strategy execution, such as using it to reduce tasks and increase creativity, can add value to business processes.

Alignment with Organisational Ambition:

Articulating the organisation's strategy through its ambition, rather than just its priorities, ensures alignment and clarity in KPIs.

Reconnecting with People:

Recognising the importance of reconnecting strategy with people and asking better questions about translating strategy into action is crucial for success.

These insights emphasise the significance of stakeholder engagement, customer-centric thinking, and leveraging technology like AI to drive effective strategy execution.

We look forward to continuing these engaging conversations and connecting with even more leaders at future events.

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