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Do You Have the Requisite Talent?

Many organizations have completed their strategy and budgeting processes for the next cycle and have likely established ambitious goals.  However, research by McKinsey & Company indicates that most strategies fail to deliver expected results and that, 9 times out of 10, there is no fatal flaw in the strategy but rather the organization lacked the skill and/or will required for successful implementation.

Ask yourself the following questions about your talent:

  1. Have we identified the “pivotal roles” responsible and accountable for implementing key business strategies?
  2. Do we know and understand the knowledge, skills and competencies necessary for success in those pivotal roles?
  3. Do we have the right people with the right skills, the right knowledge and the right experience in the right places now – and for the next 3 to 5 years?
  4. Do we have the time to develop the necessary talent internally?
  5. What will it cost if the requisite talent is not in place?

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