We know that only 30% of business-critical programs are successful. So what would you do if you just had to make your next strategic program work?
Working with many organisations over the years we’ve discovered 5 critical success factors you need to have in place to get your strategic program over the line.
On this page, we share our latest thinking and insight on what you need to have in place to ensure your business-critical program succeeds.
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In this Insight Guide, David Hilliard, Mentor Europe’s CEO, reflects on a lifetime in strategy execution, sharing insights and observations gained from nearly 40 years’ experience.
The last forty years has witnessed a digital revolution, the advent of social media, a global pandemic – to name but a few.
Generally, these have improved the way we work, conduct business, and communicate.
Yet, industry still struggles to execute ideas and strategies.
In my nearly 40 years in this business, I’ve witnessed a lot of talk and activity about how to improve strategic program execution. Yet, these fads just tinker with the execution process – they haven’t done much to move the needle.
Recent McKinsey’s research found that 70% of major transformations still fail in execution every year.
That’s because none of these cosmetic changes get to the crux of the issue – how people think, act and behave under pressure.
In this Insight Guide, I’ll share with you my thoughts and observations as to why this is the case. And how determined professionals can sidestep the most glaring errors of judgment and achieve genuine strategic execution success.
We help companies successfully deliver strategic transformation programs. Yet, many have failure “designed-in.”
That’s why we’ve spent the past 30 years helping companies to put misfiring programs back on track.
Lack of alignment between the executive team, and those doing the work
Unrealistic objectives and plans – targets plucked out of the air, with no realistic chance of being met
Poor supplier management, with an “us and them” attitude
Crucial interdependencies completely overlooked
Not enough confidence in people working in other functions
We’ve known this for a long time – but we’ve never been able to measure it accurately.
Up until now…
We’ve developed a program assurance tool – based on research done at UC Berkeley. Using data science and AI, we can now precisely measure the cumulative impact human behaviour has on a programs’ success.
We call it the Mentor Execution Index.
We’ve been running this with clients for some time now – and the results should concern Boards everywhere.
Small wonder so many programs misfire.
Discover how MEI can predict and intercept program failure patterns before they occur – helping to make sure your program succeeds. Something we are prepared to guarantee.
Our Insight Guide has the full set of data and insights.
For any strategic program to succeed, we found that businesses cannot afford to drop 6 critical balls.
We’ve applied the learnings, from decades of experience in strategic program management, to pinpoint what guarantees success – today.
Read on and you’ll discover:
Why the pressure is on to deliver more – better and faster
Why programs miss the mark over-and-over again – with shocking ease
The 6 balls you just can’t afford to drop when running any program
How you can rapidly get relief from firefighting and crisis management
Read our insight guide and let us know if you recognise any – or all 6 balls.
Too many organisations underestimate operational requirements and execution. They look at massive strategic programs, critical to their success and just assume their organisation can deliver them. That is a massive gap in most organisations.
Jeff Dodds, COO, Virgin Media (former CEO, Tele2 Netherlands)
We’ve created a series of short videos on how to make Program Execution a core capability for your organisation.
How business-critical programs are different to BAU and why it’s important to understand their complexity and unique characteristics
How to bridge the gap between strategy and execution
How to recognise the first signs that your program is in trouble, maybe a critical milestone has failed to come about, or a key supplier has objected to extra work
The importance of having a separate program organisation and why not to use the BAU formula
Why a program healthcheck can help scale the problem, highlight areas for change and proposes new answers
Read our latest thinking on program management. Find out more about why program set up is key to success and the 5 critical factors that must be in place if a business-critical program is to succeed.
Read more on our latest findings and watch the video to find out more about how The MentorBlueprint has helped companies successfully recover off-track programs.