Almost every business today faces major strategic challenges. The path to creating value is seldom clear. In an ongoing global survey of senior executives conducted by Strategy&, PwC’s strategy consulting business, more than half of the 4,400 respondents said they didn’t think they had a winning strategy. In another survey of more than 500 senior executives around the world, nine out of 10 conceded that they were missing major opportunities in the market. In the same survey, about 80 percent of those senior executives said that their overall strategy was not well understood, even within their own company.
The way forward is:
1. Commit to an identity
2. Translate the strategic into the everyday
3. Put your culture to work
4. Cut costs to grow stronger
5. Shape your future
Full article from PWC article @ https://www.strategy-business.com/feature/Creating-a-Strategy-That-Works?gko=5d483