Why Good Strategies Fail

  Leadership   Portfolio Management   ProjectsAtWork  

About 44 percent of all strategic initiatives fail. New research from Project Management Institute examines why and concludes that C-suite executives are often missing in action or micromanaging to their organizations’ detriment. A shortage of skills to implement high-priority initiatives is also a huge problem.

Project Management Institute (PMI) has released the findings of its latest research report, “Why Good Strategies Fail: Lessons for the C-Suite.” The 28-page report, which was developed with The Economist Intelligence Unit, examines the gap between strategy development and strategy implementation at global organizations.

Based on a global survey of 587 senior executives and a series of in-depth interviews, the study concludes that while executives believe delivering on strategic plans is important, their organizations are falling short — often because of poor C-suite engagement. Here are highlights excerpted from the executive summary:

> Senior executives recognize the importance of strategy implementation, but a majority admit that their companies fall short. Eighty-eight percent of survey respondents say executing strategic initiatives successfully will be “essential” or “very important” for their organizations’ competitiveness over the next three years. Yet 61% of respondents acknowledge that their …

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