Report: Closing the ‘Strategy to Execution’ Gap
It’s common for law firms to have a formal strategic plan that outlines at least the basics of their vision, major goals, and specific initiatives for achieving them. However, many fail to fully translate their plan into action. Siloed practice groups, geographically distributed partners, the crush of day-to-day work, and the temptation to pursue short-term revenues over longer-term priorities are all challenges to successful plan execution.
This paper outlines three imperatives for successfully turning a strategic plan into action:
Clarity of Strategic Direction so that everyone knows how the overall strategy relates to their plan
Discipline to stay on track to achieve long term objectives, despite short-term temptations
Accountability for individual outcomes in a way that respects a culture of high autonomy professionals