S8 E6 Six reasons why your strategic plan fails to deliver. The Hidden Barriers and how to identify them. Part 2 with Jeremy Gray
- S8E6
- 12:25
- January 18th 2022
With apologies for the poor sound quality of this episode
Episode 6 Six reasons why your strategic plan fails to deliver. The Hidden Barriers and how to identify them. Part 2 Hidden Barrier #4 Poor Coordination, a lack of willingness.
Most companies work well within silos, but any project worthy of the name strategy will work across silos. Possibly across geographies. And this is where coordination often breaks down. Coordination is critical for the effective implementation of strategies and it always a challenge.
Hidden Barrier #5. Inadequate leadership development.
Leaders do not learn leadership through training courses but by being challenged by difficult assignments or difficult decisions. To achieve this managers, need to be willing to release their best employees for work on projects that will develop their skills. They need to make a sacrifice for the greater good of the organization as a whole.
Hidden Barrier #6. Inadequate vertical communication.
Let’s be a bit more specific, inadequate honest vertical communication is the problem here. Leaders do not take enough time to communicate the company’s strategic direction and values with folks lower in the organization. They use the trickledown effect where each manager explains the strategy to his direct reports and so on. At each stage the message gets less clear.
Tags: How to grow a business, achieve business success, strategic plan, execution, barriers to success, the successful entrepreneur, business common mistakes small business start-up; avoid these common mistakes; IBGR.network, Jeremy Gray, Practical Solutions to Difficult Problems
Practical Solutions to Difficult Problems with Jeremy Gray
After over 30 years in the MNC corporate world at the C-suite or General Manager level I am now focused on helping Entrepreneurs and SME's succeed. Using the lessons learned from working in Europe, North America and Asia while as an MNC executive along with 7 years supporting smaller businesses I bring this knowledge to my listeners. The topics will change but the message will remain the same, how to profitably grow your business.
Jeremy joined the IBGR.Network to build his next career focusing on developing strategies that accelerate revenue, profit, and long term growth. The size or age of your business doesn't matter, only the size of your dreams. He can help you get there with:
- Mergers and Acquisition Support - building your company to sell? Looking to grow from buying your competitors?
- Business Turnarounds - your dream is failing and you don't know where to start?
- FP&A, Budgeting and Cash Flow - profitability is driven by the ability to manage cash flow!
- Staff Development - are you the only competent person around and success is possible if surrounded by equals?
- Strategic Planning - how to plan a future that is achievable and achieve it!
"In business set backs are inevitable – defeat is not. If you have a difficult problem let me help you to find a practical solution"
Jeremy has over 35 years of experience in senior Finance roles and General Management based in Europe, USA and most recently Asia. He is an experienced CFO who has helmed troubled operations in the USA, China, Japan and, turning their poor performance into profitable businesses.
He has also led M&A projects across the globe including an acquisition in China, that was a first for his MNC employer at the time.
Jeremy enjoys sharing his wealth of experience and knowledge with others, having participated in CFO Innovation Conferences in Singapore, Hong Kong, Shanghai and Bangkok. It has become a passion for him to use the expertise he has honed over the years to support SME owners with revenue and profit enhancement programs while imparting strategic development skills to help grow their businesses.
Jeremy broadcasts LIVE from Viet Nam