Only 44% leaders believe they are good at implementing strategy

Only 44% leaders believe they are good at implementing strategy: and just 2% confident will achieve all objectives.

Extract from Bridges Consultancy Strategy Implementation Survey Findings 2012:

In 2012 Bridges conducted its 12^th year of research. It is now 10 years since we first published that nine out 10 implementations fail.

This year’s survey continues to reveal some captivating information. It has involved online responses for the first time as well as over 130 interviews. The majority of organizations have over 10,000 employees and their headquarters are predominantly in the US and Singapore. 62% of the companies were Multi Nationals (MNCs), 21% were from the Public Sector and 17% were local companies. The main industry this year was from IT followed by Financial Institutions, Government and Pharmaceutical. The main participants in the survey were middle and senior managers with a handful of supervisors.

The survey reveals that the pressure on companies over the last few years has forced many to revisit their vision and strategy. This is resoundingly supported in that almost all the companies interviewed were developing a new strategy or vision, mission and values or both.

Key Findings include:

– 80% of leaders feel their company is good at crafting strategy but only 44% at its implementation and only 2% are confident that they will achieve 80-100% of their strategy’s objectives;

– Most leaders allocate more time to implementing strategy than creating;

– An overwhelming number believe that their bonus should be linked to the successful implementation of the strategy;

– 70% of leaders spend less than one-day a month reviewing strategy;

– Leaders believe that only 5% of employees have a basic understanding of the company strategy.

To view the survey for free please click on http://www.slideshare.net/SpeculandRobin/strategy-implementation-survey-results-2012 before end of February.

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