The Execution Gap: How AI Can Help Close the Gaps in Corporate Strategy
Corporate strategies face a harsh reality: while they aim for innovation and growth, they frequently falter at execution. Research shows that upwards of 90 per cent of corporate strategies fail to launch successfully, and nearly half of organisations fail to meet even half of their strategic targets. Worse still, fewer than 5 per cent of employees truly understand their company’s strategy and their role in making it successful.
The Need for Adaptability
In today’s volatile business environment, even the most promising strategies can fail due to unforeseen challenges. The unpredictability of today’s business environment requires leaders to be agile and ready to respond quickly to change, such as fluctuating market conditions and technological disruptions. However, in many organisations, the C-suite, the backbone of corporate success, often relies on traditional and outdated approaches that struggle to keep pace with rapid change.
Technology as a Catalyst
Business software has transformed industries and revitalised productivity, and two-thirds of CEOs claim their business is more innovative than their industry peers. But while operations throughout many organisations have digitised rapidly, the approach to leadership and decision-making at the top has often lagged behind these developments. It is now time for business leadership to go through the same transformation as the rest of their organisation, embracing new technologies and shifting to a new tech-first operating model.
Delivering a More Agile Future
Imagine a future where leadership teams are not constrained by outdated processes but empowered by intelligent systems. In this world, CEOs use AI to visualise their entire organisation’s alignment, ensuring every department contributes to strategic goals. Middle managers leverage real-time insights to adapt plans dynamically, while employees understand how their work drives the company’s mission forward.
Conclusion
The execution gap has plagued organisations for decades, but the tools to overcome it are now within reach. AI is more than a technological advancement; it is the key to unlocking the full potential of corporate strategy. By embracing adaptability and leveraging AI’s transformative capabilities, businesses can ensure their strategies do not just survive but thrive in the face of change.
FAQs
- What is the execution gap in corporate strategy?
The execution gap refers to the gap between a company’s strategic goals and its ability to achieve those goals. - How common is the execution gap in corporate strategy?
Research shows that upwards of 90 per cent of corporate strategies fail to launch successfully, and nearly half of organisations fail to meet even half of their strategic targets. - What can AI do to help close the execution gap?
AI can help by providing real-time insights, scenario testing, and enhanced collaboration and alignment, enabling leaders to make data-driven decisions and stay ahead of the competition.
