“Effective execution is not just a plan we execute, but it’s a whole learning process.” — Wharton Professor Nicolaj Siggelkow on Effective Execution of Organizational Strategy
Philadelphia, PA (PRWEB)
June 29, 2017
The Wharton School’s Aresty Institute of Executive Education at the University of Pennsylvania has unveiled its newest strategy program, Effective Execution of Organizational Strategy.
The weeklong program tackles one of the most difficult issues facing companies today – executing on strategy.
“Research and experience has shown that many strategies and initiatives don’t get implemented properly,” notes Nicolaj Siggelkow, the program’s faculty director and co-director of the Mack Institute for Innovation Management at Wharton. In fact, a recent survey of 400 global leaders identified executional excellence as the number one challenge facing corporate leaders in Asia, Europe, and the United States.
Siggelkow says often what hinders effective execution are two barriers – motivation and resources. “Motivation includes a wide range of issues: How is our strategic leadership supporting the new idea? How much is the new strategy aligned with our corporate culture? Are our incentives systems and our organizational structure conducive to implementing the new strategy? On the resource side, it’s not only whether we have the right assets and human capabilities, but also the right abilities to learn and adapt. Because clearly, effective execution is not just a fixed plan we execute, but it’s a whole learning process.”
Wharton’s program takes a systematic approach of how firms and individuals can overcome these challenges. The program features faculty presentations on topics of culture, leadership and incentive programs to help managers implement a strategy.
“We bring faculty from a wide diversity of backgrounds, thinking about culture, thinking about leadership, thinking about incentive systems that will really help you execute an initiative or strategy for your organization,” says Siggelkow.
Session topics include:
- The Impact of Culture on Implementation
- Barriers to Organizational Change
- Strategic Leadership
- Implementing Through Teams
- Cognitive Biases Affecting Implementation