Organizations are powered by their performance engine, but they are driven by their strategy. Where the rubber meets the road, execution through strategic initiatives determine the long term success of any company to sustain a competitive advantage and thrive. Teams engaged in closing the gap between strategy and results are what enable execution to flourish. Therefore, it is critical that these groups possess the skills and capabilities needed to drive strategy execution.
The strategic initiatives and projects at the core of execution have become crucial to performance and yet they fail at an alarming rate. Studies have shown that at least 70% of strategic initiatives in general fail to meet expectations. Other studies at the project level show a success rate of only 32% and that 85% fail to meet budget and/or deadlines delaying execution and eroding value. Traditional approaches and conventional leadership competencies have obviously not been up to the task. To enable successful execution, project leaders must possess leadership competencies and business leaders must acquire project leadership competencies.
The Advantage approach to strategic initiatives and project leadership combines our proprietary research, the findings of leading authorities and 25 years of experience working with world-class companies. Through experiential learning programs, our clients develop capabilities—needed at all levels of the company—that are usually reserved for formal project managers, but are essential for all leaders to drive execution.
Our holistic approach includes a well thought-out Learning and Execution Journey that systematically addresses and overcomes the failures of traditional corporate learning programs.