Have you ever watched a movie with a good premise but bad execution? It would have been a great movie, but the dialogue was strained, the scenes lacked smooth transition, or the special effects were mediocre. Whatever was lacking, you knew there was something wrong that ruined the whole cinematic experience.
Now, let’s take that and make an analogy in the corporate world. The premise is the strategy, and the movie itself — the finished product — is the implementation. It’s easy to make a strategy in the planning stage sound ideal. On paper, things can seem perfect, after all. However, the real challenge happens in the implementation stage. Even the best strategies can fall apart without solid implementation to back them up. Strategy and implementation go together. Here’s how.
It’s not enough for directors to spend all their time on strategizing; they should also devote as much time — and even more — on implementing. According to INSEAD (one of the world’s leading graduate business schools), a good implementation of even a bad strategy leads to the discovery of much better ones.
Of course, it’s always better to start with a good strategy, but directors shouldn’t dwell too long on perfecting an idea, not when the stakes are higher in implementation.
Make Convene your corporate board’s partner from strategy-making to implementation. This boardroom software facilitates the whole board meeting process every step of the way, enabling directors to be more mobile as long as they have an iPad or an Android device and Internet access. No other boardroom app makes mobile board meetings this convenient and accessible!