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- Strategy_gap abstract "A strategy gap refers to the gap between the current performance of an organisation and its desired performance as expressed in its mission, objectives, goals and the strategy for achieving them. Mckeown argues that a strategic gap may be transformed into a strategic stretch.Often unseen, the strategy gap is a threat to the future performance—and even survival—ofan organisation and is guaranteed to impact upon the efficiency and effectivenessof senior executives and their management teams. The strategy gap is considered to be real and exists within most organisations. An article in the \"Fortune magazine\" (June 1999 edition) stated that some 70% of CEOs' failures were the result of poor execution rather than poor strategies.There are various schools of thought on what causes the gap between vision and execution, and how the strategy gap might be avoided. In 2005, Paul R. Niven, a thought leader in Performance Management Systems, pinpointed four sources for the gap between strategy and execution, namely: lack of vision; people; management; and, resources. He argued that few understand the organisation's strategy and as most employees' pay is linked to short-term financial results, maximising short-term gains becomes the foremost priority which leads to less rational decision making. Management is spending little attention to the linkage between strategy and financial planning. Unless the strategic initiatives are properly funded and resourced, their failure is virtually assured.In the book “The Strategy Gap: Leveraging Technology to Execute Winning”, the authors argue that the main causes of the strategy gap could be grouped into three areas, each of which interacts with the others. These three areas are: the way management acts to implement strategic initiatives (management induced gaps); traditional processes (for example: budgeting, forecasting; reporting) used to implement strategy (process induced gaps); and, technology systems used to support those processes (technology induced gaps).".
- Strategy_gap wikiPageID "24240829".
- Strategy_gap wikiPageLength "2837".
- Strategy_gap wikiPageOutDegree "14".
- Strategy_gap wikiPageRevisionID "690628788".
- Strategy_gap wikiPageWikiLink Business_process.
- Strategy_gap wikiPageWikiLink Business_reporting.
- Strategy_gap wikiPageWikiLink Capital_punishment.
- Strategy_gap wikiPageWikiLink Category:Business_theory.
- Strategy_gap wikiPageWikiLink Chief_executive_officer.
- Strategy_gap wikiPageWikiLink Financial_plan.
- Strategy_gap wikiPageWikiLink Forecasting.
- Strategy_gap wikiPageWikiLink Fortune_(magazine).
- Strategy_gap wikiPageWikiLink Goal.
- Strategy_gap wikiPageWikiLink Organization.
- Strategy_gap wikiPageWikiLink Resource.
- Strategy_gap wikiPageWikiLink School_of_thought.
- Strategy_gap wikiPageWikiLink Senior_management.
- Strategy_gap wikiPageWikiLink Technology.
- Strategy_gap wikiPageWikiLinkText "strategy gap".
- Strategy_gap wikiPageUsesTemplate Template:Reflist.
- Strategy_gap subject Category:Business_theory.
- Strategy_gap comment "A strategy gap refers to the gap between the current performance of an organisation and its desired performance as expressed in its mission, objectives, goals and the strategy for achieving them. Mckeown argues that a strategic gap may be transformed into a strategic stretch.Often unseen, the strategy gap is a threat to the future performance—and even survival—ofan organisation and is guaranteed to impact upon the efficiency and effectivenessof senior executives and their management teams.".
- Strategy_gap label "Strategy gap".
- Strategy_gap sameAs Q7621892.
- Strategy_gap sameAs m.07kb5sp.
- Strategy_gap sameAs Q7621892.
- Strategy_gap wasDerivedFrom Strategy_gap?oldid=690628788.
- Strategy_gap isPrimaryTopicOf Strategy_gap.