The crux of all strategies is successful execution. Many managers are quick and proficient at planning, but unfortunately fail when it comes down to implementing the strategy. Successful ABE (Agile Business Execution) is built upon two factors.
· Quick information flow
· Comprehending decisions right away
Agile business execution promotes decision sustaining information and gives team member the autonomy, which drives brilliance in execution.
ABE is an advancement of successful management strategies. It promotes communication, results, teamwork and responsiveness making use of conventional tools of management. It offers a holistic approach to establishing strategy, plans, results and employees. You could do all this with ABE:
– Rehash management for the broader perspective
– Develop equality of information
– Enlarge the scale of employee autonomy
It has been observed that almost 90 percent of the devised strategies fail badly due to poor execution. As a matter of fact, plans always fail when they lack confident,virtual roundtables quick and attainable execution. The failure of execution also originates due to various other factors, such as unclear accountability, lack of communication, vaguely defined duties and responsibilities, lack of focus and inadequate monitoring.
Furthermore, when plans fail due to poor execution, many employees get discouraged and as a result the company incurs additional losses in the form of low productivity levels.
Today, a vast majority of business execution tactics are costly, complex and time consuming. Six Sigma is an excellent example of conventional execution methods.
In fact, all the Agile methods promote teamwork, results and collaboration. They process flexibility during the lifecycle of a project.
The key is to adapt the plan to simplify the information flow in an organization. This will lead to right decisions at the right time.
STARR is to agile business execution as SMART is to objective setting and strategic execution. STARR designates Share, Track, Analyze, Reevaluate and Repeat. It explains the repetitive procedure for successful execution using a basic, spontaneous framework to recognize the strategic execution and achieve brilliant results.