Executives must be able to lead their companies to quickly adapt to new market forces in this unpredictable economic climate. Under these extreme conditions that face companies survival depends in part to sound strategy but even more so on effective strategy execution. HR executives or aspiring HR executives this is a key point for you in your HR execution.
Because execution plays such a critical role in success or failure, especially during a crisis, many companies are turning to new technology solutions to ensure they can deliver on strategies and emerge even stronger. Any company that fails to adapt quickly and efficiently to market changes can miss important opportunities ir risk their very survival.
With that prologue, here are some key barometers to attain or execute to going forward if you are not already doing this:
- A new strategy is not enough - executing under these extreme market conditions is not enough, meaning you need to make sure you touch every point of the strategy timeline and product offering.
- Align your workforce with what you want to accomplish - workforce alignment and performance is critical.
- Be prepared to change course or rethink your strategy monthly - it is difficult to get your strategy right the first time so review religiously.
- Leverage performance and talent management solutions for business execution - this will help you attain the top and bottom line results.
If you are an HR practitioner you need to make sure you are working directly with your CEO to accomplish these goals. If not then you better begin or you will be left out in the cold and people will question your value to the organization.
