Creating a strategy for building and using distinctive capabilities is crucial for businesses facing major strategic challenges today. Many companies struggle with a gap between strategy and execution, leading to missed opportunities and unclear strategic direction.
However, a few companies excel by naturally combining strategy and execution. These companies make strategic choices that distinguish them from competitors. To sustain success, companies need distinctive capabilities that are superior and difficult to replicate. Building these capabilities is complex and requires significant investment in human capital, tools, and systems.
Moving beyond conventional wisdom, PwC Strategy& identifies five unconventional management practices to consistently succeed:
Growth-focused companies often receive praise, even if their new products do not integrate seamlessly. Functional excellence, organising for success, implementing lean processes, and agility are typically valued in business. However, these approaches can sometimes contribute to a disconnect between strategy and execution.
To ensure that strategy is consistently linked with execution across your organisation, it is essential to develop unique capabilities that can be scaled throughout the company, engaging everyone in applying them to all products and services. These five acts represent practices that facilitate reaching that objective.
How can we help?
At PwC, we work with clients to help solve their business challenges, with the unique ability to connect with subject-matter experts across the PwC global network. We work with you to shape your organisation’s agendas from strategy through to execution. Get in touch to learn more.
