We must be clear- there is no sure way of guaranteeing the success of any given strategy. However, if you recognize that strategy is all about getting from point a to b, you can strive for a successful route by understanding: where you are now, where you want to go, and what route suits you best.
Let's assume that you've been able to determine where you want to go, you've got a good understanding of the state and capabilities of your organization, and you have mapped out a "ROADMAP 2 SUCCESS.” What can go wrong? You've got all bases covered, yes?
Actually, no, a lot can go wrong. However, by acknowledging the following list of potential ‘show-stoppers,’ your strategies are less likely to fail.
- Competing activities
- Delayed schedule
- Inadequate capabilities
- Lack of communication
- Lacking of commitment to the strategy
- Negligence of daily business
- No clear set of values
- Poor coordination and sharing of responsibilities
- The problem statement that the reward system would conflict with the strategy was considered one of the biggest single problems of strategy implementation
- Too much focus on Strategy Formulation and not enough on Strategy Realization. In other words "NOT closing the loop
- Unaligned organizational systems and resources
- Unawareness or misunderstanding of the strategy
- Uncontrollable environmental factors
- Unexpected obstacles
- Un-feasibility of the strategy
- Weak management role