Prompt: Keys to Strategic Execution: In the Strategic Management process, Strategic Analysis comes before Strategic Formulation and Strategic Formulation (or design) comes before Strategic Execution. The best conceived strategic plans often fail because of poor execution. Effective strategy implementation requires managers to address many structural, cultural, and leadership issues. Leaders should consider these issues before a strategic alternative is selected and detail a plan for execution afterward because "crossing the bridge when you come to it" is not a good idea. According to Jackie Wiles of Gartner, effective strategy execution includes (1) Strategy Formulation - 83% of strategies can fail due to faulty assumptions, (2) Planning - 67% of key functions are not aligned with business unit and corporate strategies, (3) Performance Management - 58% of organizations believe their performance management systems are insufficient for monitoring the performance of strategy, (4) Strategy Communication - 67% of employees do not understand their role when new growth initiatives are launched and (5) Organizational Capacity - Organizations that are able to successfully unlock capacity to execute new growth strategies increase profitability by 77% (Wiles, 2021). What are your thoughts on the keys to effective strategy execution and how your organization can start thinking about these keys early in the Strategic Management process (i.e. during Strategic Analysis and Strategic Formulation)? What does successful strategy execution look like? 5 Keys to Successful Strategy Execution: https://online.hbs.edu/blog/post/strategy-execution The 5 Pillars of Strategy Execution: https://www.gartner.com/smarterwithgartner/the-five-pillars-of-strategy-execution A Successful Strategy to Execution Process: https://www.accelare.com/blog/a-successful-strategy-to-execution-process