So, why is strategic speed important? Simple: Money, time and energy. Between 50-70% of strategic planning fails to get traction in organizations. That’s a huge failure rate. And what does that mean in dollars and cents: Slower-to-execute teams have 40% less sales growth and 52% lower operating profit. Those are big, painful numbers. And these authors have something of substance to say about how to keep the money in your corporate profit and not squander the opportunity that strategic speed offers.
Strategic Speed: Mobilize People, Accelerate Execution by Jocelyn Davis, Henry Frechette, Jr., and Edwin Boswell (Harvard Business Press, 2010). Reviewed by Steve Gladis, Ph.D., March 2011.