Strategy formulation and Execution is increasingly proving to be a key to organization success. And this is true for all types of organizations be it public, private or non-profit organizations. Strategy formulation is as important as execution. Leaders must begin to own both. The obstacles to effective strategy formulation and execution are still real and formidable. While strategy planning is difficult and challenging, as always, it’s still obvious that leaders feel more than ever that the successful execution of strategy is more problematic than the formulation of a chosen strategy and even more important for organizational performance. It is still clear that making strategy work is more difficult and challenging than formulating strategy. Strategy execution represents a disciplined process and a logical set of connected activities that enables an organization to take a strategy and make it work. Without a careful, planned approach to execution, strategic plans and objectives cannot be attained. It is still obvious that the execution of strategy is not nearly as clear and understood as the formulation of strategy and other management issues like change and risk. Much more is known about formulation than making strategy work. Is execution of strategy truly worth leader’s time, efforts and attention? The answer is clearly yes. Factors such as strategic change management, risk management, building internal capabilities, local culture, organizational structure, and aspects of operational execution are vital to organization success.

An executive whose relentless focus is on execution and the building of internal capabilities supporting it is the man of the hour. Making strategy work and achieving desired results are the mark of the successful leader. Every organization, of course, has some separation of planning and doing, of formulation and execution. However, when such a separation becomes dysfunctional when planners see themselves as the smart people and treat the doers as “grunts” there clearly will be execution problems. Managing strategy formulation and execution as an integrated whole is the key to a successful organization.

This course equips you with skills to formulate and execute sound strategy to facilitate a number of actions and obtain desired results.