Strategy Execution

Strategy Execution Phase: Where the Real Action Happens

In the execution phase of strategy management, all stakeholders, including individuals, teams, or organizations, have the ability to create objectives, also known as objective and key results (OKR) or strategic initiatives (Projects) against the organization's planned goals. These objectives or initiatives have specified timelines, assigned responsibilities to individuals, and are prioritized with the status of the tasks as well as the expected versus actual scores.

Here are key points that highlight the benefits of using Core-Strategy for measuring and monitoring OKRs and strategic initiatives:

Create Objective and Key Results
Create Strategic Initiatives
Specify timelines & assigned responsibilities
Map Key Performance Indicators

1

Create Specific Objectives

In the execution phase, stakeholders can create objectives or initiatives that align with the organization's goals, ensuring that everyone is working towards the same outcomes. By creating objectives or initiatives, stakeholders can break down the organization's goals into manageable pieces, making tracking progress and managing workloads easier. This process also allows stakeholders to prioritize their work and ensures that everyone is working on the most critical tasks first. With Core-Strategy, stakeholders can create objectives or initiatives easily and track them throughout the execution phase.

2

Specified timelines and assigned responsibilities

By establishing specified timelines and assigned responsibilities, stakeholders can ensure that the work is completed on time and that everyone is accountable for their work. With Core-Strategy, stakeholders can set deadlines for tasks and assign them to specific individuals or teams, ensuring that everyone knows what they are responsible for and when their work is due. This process also enables stakeholders to identify any delays or issues early on and take action to address them before they become significant problems.

3

Prioritization and status tracking

Prioritization and status tracking help stakeholders manage their workloads effectively and ensure that the most critical tasks are completed first. By prioritizing tasks based on importance and tracking their status throughout the execution phase, stakeholders can manage their workloads more effectively and ensure that they progress toward achieving the organization's goals. With Core-Strategy, stakeholders can prioritize tasks easily and track their status, making it easier to manage their workloads and identify any issues or challenges that may arise during the execution phase.