The challenge

"Two-thirds of SME to three-quarters of large organizations struggle with strategy execution"

More than 400 CEOs indicated during a Harvard study ("About the biggest challenges for CEOs") that Strategy execution is the biggest challenge they face as a manager. They ranked it above 80 other challenges presented to them like innovation and expansion. Although almost every strategy execution plan seams feasible and clearly measurably outlined, 2/3rds of SMEs to 75% of larger companies fail to execute. 

So let's start with the "why?" to understand what Strategy Execution Management software is.

The 5-year-long study showed a clear pattern when it comes to strategy execution. The steps typically consist of translating strategy into objectives, cascading those objectives down the hierarchy, measuring progress, and rewarding performance. When asked how they would improve execution, they mainly indicate that they need tools to get everyone aligned, such as CPM or balanced scorecards. So in the minds of managers, a break in alignment is the biggest culprit why a strategy is not executed.

The real reason why companies tend to fail strategy execution

However, additional studies and observations show that there is even more behind it. The reason of failure is partly due to the lack of transparency in both figures and ongoing issues. More transparency should give a better picture and allow forecasting for strategy adjustments. Another issue are the silos that arise between teams, managers and departments. Information and data are not shared across departments, for whatever reason. But above all, the tools they use nowadays lack teeth.

Strategy Execution Management Software based on 4 principles

Visualize strategy and measurable objectives

Cascading down objectives to hierachy

Align teams to feed you with data

Create transparency for motivated teams

Plan

Visualize strategy and vision and mix it with data (KPIs) to fill the space between now and the future with a clear path. Cascade vision down to hierarchy thanks to strategy maps, which gives you the bigger picture of how your organization is performing. 

Plan your strategy with Spoom

Manage

Tools you need for strategy to be brought to its full potential and be executed such as: balanced scorecards, performance tracking, clear responsibility, goals and deadlines. And everything you need to deal with this, such as risk management and forecasting. 

Spoom scorecards for business management

Track

A good SEM software gets to work with the data available within your organization. Not just data around profits and financials, but really anything that can contribute in different departments. Its powerful data engine crosses data to provide better insights using various data visualization methods. 

Performance tracking in Spoom

Transparency

Collaboration and communication are keys here. Openness around data and sharing common goals. Give a sense of purpose to those who work together to make your strategy a success. Enable managers to communicate about data and create a platform where data can be grouped and modified. 

Create company wide transparency with Spoom

Plan

Visualize strategy and vision and mix it with data (KPIs) to fill the space between now and the future with a clear path. Cascade vision down to hierarchy thanks to strategy maps, which gives you the bigger picture of how your organization is performing. 

Plan your strategy with Spoom

Manage

Tools you need for strategy to be brought to its full potential and be executed such as: balanced scorecards, performance tracking, clear responsibility, goals and deadlines. And everything you need to deal with this, such as risk management and forecasting. 

Spoom scorecards for business management

Track

A good SEM software gets to work with the data available within your organization. Not just data around profits and financials, but really anything that can contribute in different departments. Its powerful data engine crosses data to provide better insights using various data visualization methods. 

Performance tracking in Spoom

Transparency

Collaboration and communication are keys here. Openness around data and sharing common goals. Give a sense of purpose to those who work together to make your strategy a success. Enable managers to communicate about data and create a platform where data can be grouped and modified. 

Create company wide transparency with Spoom

Are your ready for strategy execution management?

Let's get in touch

Contact Mathieu and his team. Our Spoom Data experts will be happy to guide you through the tool using concrete examples with your data. 

Get a quote

Curious about the pricing of Spoom? Contact us, and we'll be happy to make you an offer tailored to your situation and needs.