On timing and rhythm for strategy implementation

Oehmen, Josef, Geraldi, Joana and Stjerne, Iben (2018) On timing and rhythm for strategy implementation. LSE Business Review (26 Oct 2018). Blog Entry.

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Abstract

We know that time is important – after all, timing is everything! And time is money! If used skilfully, time and timing can be allies in strategising. But, surprisingly (or maybe not-so-surprisingly), getting time right is hard; it involves a complex balancing act. For example, if you push your strategy too much, you overwhelm your team, whereas if you do not establish a burning platform for the change, your strategy loses momentum. Thus, effective strategy work is not only doing the right things right, but also at the right time. The key question then is: how do you get the timing of your strategy to work right? That was the starting point for our study. We wanted to understand what time and timing mean in the practice of strategy work. We interviewed senior executives in Denmark (where we work), as well as observed C-suite strategy processes in a large international company. Our key take-away is the articulation of four timing dilemmas that every executive needs to address in their strategy process (see this infographic). Each dilemma has answers on opposite ends of the spectrum – and you have to balance both ends in a way that works for your organisation.

Item Type:	Online resource (Blog Entry)
Official URL:	https://blogs.lse.ac.uk/businessreview/
Additional Information:	© 2018 The Author(s)
Divisions:	LSE
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited:	10 Jun 2020 08:51
Last Modified:	14 Sep 2024 02:13
URI:	http://eprints.lse.ac.uk/id/eprint/105045

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