Why is strategy so challenging?
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We live in an increasingly volatile, uncertain, complex and ambiguous (VUCA) world. Constant disruptions impose distinct challenges for even the most ambitious organisations to define a clear growth path.
No one knows their strategy, not even top leaders. Research shows that only 51% of top management can list its organisation’s top three strategic priorities. This number only decreases with business leaders further down the organisational hierarchy.
Execution is a people problem, not a strategy problem. More than 90% of organisations fail to execute their strategies successfully. Strategic plans often take great amounts of time and effort but are developed in isolation by senior leaders. Therefore, there is a lack of commitment and ownership by the most important stakeholders – those who will implement it.
A structured approach is required to develop and deliver strategy at a corporate, divisional or function level
The right business strategy can be tough to crack
Transforming your business strategy into profitable growth is a formidable challenge, one that becomes even more critical in the face of constrained time and resources. In today’s rapidly evolving landscape, the stakes are higher than ever, and failure to adapt can mean falling behind.
Worst of all, strategy often yields mixed results and fails where it matters most – execution.
You don't have clarity or ownership
You could go outside and get a big name player to build it for you, but this is very expensive, and disconnects your teams from those who will ultimately have to deliver.
You're not growing
We’ve all seen it, a strategy that looks great on paper but falls down at the execution stage. It’s very difficult to deliver an effective strategy without a clear plan, ownership and clarity of results.
You're burning time and money
To be done well, a strategy requires detailed planning and a thorough analysis of your company & the external market environment. It’s challenging to find the time and expertise to do this.
Your team is disengaged
Strategy is often developed and owned by a small number of people – either internally or by external consultants – and remains disconnected from those who need to implement it every day.
We support businesses in overcoming these challenges to deliver measurable results to their stakeholders.
Case Studies
Our clients have realised development improvements and transformed their timelines, speeding up their processes.
Our strategic focus areas
We help our clients implement their strategy by focusing on six key areas.
Stakeholder alignment
Effective stakeholder management should not be underestimated when you embark on a new strategy or a change in direction. We have extensive experience of dealing with C-level stakeholders and can help align the senior team.
Governance
You will need an effective governance structure to oversee the execution of your strategy, including programme plans and processes. We can support your existing PMO teams to put this in place or set up a new Programme Office for you.
Portfolio alignment
Embarking on a new strategy will require changes to your existing initiatives. Our experts can review your current portfolio and recommend how this is adjusted to align to your strategy. This includes starting or stopping initiatives.
Comprehensive Planning
We use industry-leading tools and methodologies to ensure that your customised planning process is efficient and effective. Our goal is to provide you with a clear and concise plan that outlines the scope of the project, the resources required, the timeline, and the expected outcomes.
Risks & Issues
Our extensive experience of delivering large scale transformation enables us to identify risks and issues early and ensure that these are highlighted to senior stakeholders. Taking mitigating actions early can prevent costly mistakes.
Accelerators
Delivering a strategy usually takes several years. NextWave’s accelerators can help you generate quick wins.
These accelerators include established and emerging Fintech solutions. Our team will provide ongoing support throughout the project.
Our strategy partners
Our experts
Our team have decades of experience in top-tier global banks and have a proven track record of developing and delivering strategic change and executing business solutions for clients. They use their industry expertise and deep understanding of large scale transformation and innovative solutions to enable your business to achieve its near term and longer term goals.
