Leadership for Execution of Strategy seminar with Matt Tice - American Chamber of Commerce in New Ze
LEADERSHIP FOR THE EXECUTION OF STRATEGY
Executing strategy is the most important role that a leader plays in any organisation. Ensuring those leaders are equipped for that role is essential for organisational success and yet companies are consistently failing to equip their leaders with the skills they need to successfully execute that strategy. What worked in the past is redundant almost as soon as it’s occurred and businesses need to adjust to these massive and increasingly speedy changes in a dynamic and strategic fashion.
Following three years of research under an Australian Research Council (ARC) grant Palladium Group, in collaboration with Monash University and the University of Queensland, has just completed a global study of 1000 corporations and government agencies around the world to understand the specific ingredients for leadership success in the execution of strategy. This study, the first of its kind in the world, was a deep dive into the specific traits that leaders need to have to execute strategy successfully.
Our findings clearly demonstrate the link between effective leadership and the ability to successfully execute strategy. More specifically, they show the need to develop specific skills necessary for the execution of strategy in organizational leaders. In fact, it shows an integrated approach will yield better results in terms of organizational performance outcomes (e.g., market share, revenue growth and profitability) and performance drivers (e.g., quality, innovation, and staff retention and customer satisfaction).
According to the research the Palladium Leadership for Execution of Strategy model, which was developed in order to help organizations address the issues that arose in the research, explain 38% of the variance in respondents of high performing firms’ scores on the perceived organization performance and 19% of the variation in market performance.
In this event we will draw on our insights from our 3-year Australian Research Council funded project to provide you with a highly interactive experience where you will learn more about leadership for the execution of strategy and what that means to your organization.