A great strategy is no guarantee for success. Perfect execution without strategy goes a long way but will have a difficult time under a changing environment. What matters more—great strategy or great execution? According to McKinsey, “New research finds that strategy wins, especially disruptive strategies that respond powerfully to digitization.”
Where does strategy stop, and execution begin?
At Blue Field Agency we believe Strategy and execution run simultaneously; data from execution is needed to build strategy. Execution is more efficient with strategy. A strategy creates focus for the company, like which customers should be targeted and what unique selling points should be communicated about the product. The strategy then has to be translated into tactics, which describe in detail what activities have to be performed. Execution comes in to actually make it happen and report about the results.
Why does this matter?
No matter how big or small a company is, there is always the possibility of focusing on the wrong goals, projects and activities. Keeping a clear distinction between strategy, tactics and execution helps to invest available energy on the right objective.
So where do we start?
Blue Field Agency generally starts by setting the basics right. Determining KPI’s and setting up data points. We begin with the end in mind. So if you like to set up a great new innovative strategy which will improve your most important KPI’S, let’s get started!
Like what you see? Or do you have a question? Let’s have a coffee & find out what Blue Field can do for you.
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