Even those leaders who understand strategy and its virtues are struggling to implement. Booz & Company’s survey of 3,500 global leaders, including 550 CEOs and 325 other C-suite executives, reports a serious lack of cohesion within organizations.
Consider these staggering statistics: 54% of respondents didn’t believe their company’s strategy will lead to success. 53% couldn’t say whether their employees understood the strategy. Only a third believe the company’s core capabilities fully support the corporate strategy. Ouch!