The Economist Intelligence Unit has released important new research on why business strategies are failing to deliver. The study, based on a survey of 500 high-level executives from around the world, revealed that businesses are missing the mark on achieving their goals because of the way their strategies are implemented.
The report also shares key insights and recommendations from C-Suite level respondents at leading companies, identified in the research as having successfully achieved strategy implementation.
A few key stats are noted below:
Nearly 90% of survey respondents from around the world admit they fail to achieve all their strategic goals because they don’t implement well
53% of respondents agree that inadequate delivery capability puts them at a competitive disadvantage
About 50% believe competitor and customer changes greatly impeded delivery of their last major strategy