{"id":6908,"date":"2018-08-22T10:42:00","date_gmt":"2018-08-22T15:42:00","guid":{"rendered":"https:\/\/blog.planview.com\/?p=6908"},"modified":"2019-08-15T14:25:17","modified_gmt":"2019-08-15T19:25:17","slug":"executives-guide-to-delivering-on-strategy-in-a-digitally-connected-world","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/executives-guide-to-delivering-on-strategy-in-a-digitally-connected-world\/","title":{"rendered":"An Executive\u2019s Guide to Delivering on Strategy in a Digitally Connected World"},"content":{"rendered":"

In part 1 of this series, \u201cAn Executive\u2019s Guide to Measuring Digital Transformation<\/a>,\u201d I presented a broad overview of some of the challenges faced by organizations in today\u2019s digitally connected world and illustrated the importance of being able to measure digital transformation. Now, let\u2019s break down that transformation into specifics, looking at how to improve strategic planning and link products to technology.<\/p>\n

According to PMI\u2019s Pulse of the Profession report, only 60% of strategic initiatives meet goals<\/strong>. Why? Well, for one, many organizations struggle to link execution to strategy and thus lack clearly defined objectives and ways to measure progress. Plus, many also limit their flexibility by handcuffing the strategic plan to the annual budget, rather than leaving room for adjustments as changes occur and opportunities arise. In our digitally connected world, it doesn\u2019t seem like this lack of visibility and flexibility should remain such an issue.<\/p>\n

\"Deliver<\/a><\/p>\n

The Problem<\/strong><\/h3>\n

For many, \u201cstrategic planning\u201d remains to be the mere documentation of strategic statements, stored in numerous slide decks, spreadsheets, and the like, a method which doesn\u2019t lead to meaningful results. Organizational silos still exist, and for many, the walls are only becoming thicker, keeping them boxed in while the competition continues innovating.<\/p>\n

Such innovation involves IoT projects, with even the simplest of today\u2019s products going digital. Your organization must be able to keep up with the pace of innovation and effectively tie products to technology; unfortunately, for many organizations, they continue to turn a blind eye to this demand.<\/p>\n

The Solution<\/strong><\/h4>\n

Consolidated, visual roadmaps. They will not only enable you to translate strategy on an organization-wide scale, but will be the link between strategy and investments, products, services, and outcomes that drive digital transformation. Not only will you speed up innovation, but visibility and flexibility will be vastly improved, with everything held in one place rather than across numerous applications and documents.<\/p>\n

With this organization-wide improvement to strategic planning, you can leverage your new operating model to better understand and visualize links between products and their underlying technology. Those silo walls will crumble down, allowing you to close the gaps in business capabilities that enable IoT offerings and drive revenue by launching products that solve real-world problems.<\/p>\n

The Outcome<\/strong><\/h5>\n

With the proper strategic planning tools, you will be able to:<\/p>\n