Bridge the Gap Between Planning and Execution in Manufacturing
The world watches in awe as elite Olympic athletes showcase unparalleled strength, stamina, agility, and speed. These incredible performances, years in the making, are a testament to meticulous preparation and execution.
Just like Olympic athletes, businesses undergo extensive planning and preparation. However, many companies falter when it's time to execute their strategic plans. With up to 90% of business strategies failing before they start, how can you ensure your plans lead to success?
In this article by our CEO, Bill Remy, reflects on the similarities between manufacturing success and the achievement of Olympic athletes using precision of execution as a competitive strategy. As many companies enter the final stretch in their planning process for 2025, Bill provides five tips to ensure your plans don’t fall face first at the sound of the starting gun:
- Divide and Conquer. Separate your efforts into working “on” the house (expansion and innovation) and working “in” the house (daily operations and improvements).
- Prioritize Focus Areas. Prioritize high-impact goals and be realistic about what can be achieved with current resources.
- Set Clear Goals and KPIs. Establish incremental, measurable goals and communicate them clearly to your team.
- Plan to Adapt. Be prepared to adapt your strategies when things don’t go as planned.
- Choose Your Team Carefully. Invest in building strong leaders and a motivated, committed team capable of executing your vision.
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