90% of companies fail to execute their strategy:
But what sets the other 10% apart?
Let me introduce you to an incredibly effective framework:
The Strategy Pyramid
Originally shared by Wendy McGuiness (2011), this framework outlines 9 essential elements of successful strategy and execution.
These elements are organized into 3 core categories:
Purpose, Strategy, and Execution.
A) Purpose
i. Mission:
Defines the company’s core purpose, answering questions like:
“Why do we exist?” and “What is our main reason for being in business?”
ii. Values:
Establishes the principles and beliefs that guide decision-making.
Shapes organizational culture by aligning with ethical standards and desired behaviors.
iii. Vision:
Creates a compelling image of the company’s desired future.
It answers the question: “Where do we aim to be in the years ahead?”
B) Strategy
iv. Strategic Intent:
Specifies the organization’s top goals and objectives.
Lays out the desired outcomes and how to achieve them.
v. Drivers:
Highlights the key factors driving success, such as:
market expansion, innovation, cost efficiency, or customer satisfaction.
vi. Enablers:
Focuses on the tools, resources, and capabilities required to implement the strategy.
Includes technology, skilled personnel, and financial assets.
C) Execution
vii. Targets and Initiatives:
Defines actionable steps and measurable targets aligned with strategic objectives to drive progress.
viii. Performance Indicators:
Establishes KPIs to monitor progress and measure the impact of strategic efforts.
ix. Strategy Map:
Provides a clear visual representation of the strategy to ensure organizational alignment and clarity.
This framework helps leaders:
1) Define their organization’s purpose.
2) Craft a focused strategy.
3) Execute it with precision.
Each pillar is equally vital – neglecting one can jeopardize the entire process.
To succeed in execution:
You must clearly define what you are going to execute.
P.S. Are you dedicating enough attention to your strategy?
—–
📌 I am considering launching:
The top community-powered business scaling program,
Where I will also cover business strategy in detail
(sharing my experience from helping 250+ companies).
50+ leaders have already expressed interest:
Subscribe to my newsletter at WildCapital.co to submit your interest.
