Strategy Execution

1. Strategy Execution Professor Steven E. Phelan, PhD

2. Today's Agenda • Course Overview • Concept Presentations • Hightower DVD • Action Method • Guest Speaker: • Mr. David Chavez, CPA (Assured Strategies)

3. Course Overview • About me… • What is ‘strategy execution’ and why is it important? • Assessment: • Concept Presentation(20%) • Strategy Audit (20%) • Movies Review (20%) • Case Presentation (20%) • Simulation Game (20%)

4. Useful Links • http://faculty.unlv.edu/phelan • http://www.bsg-online.com • http://www.actionmethod.com • http://openproj.org/ • http://webcampus.unlv.edu

5. Concept Presentations • Papers • Group A: Integrating Strategy and Operational Execution • Group B: Closing the Gap between Strategy and Execution • Group C: The Secrets to Successful Strategy Execution • Group D: Transforming Corner Office Strategy into Frontline Execution • Group E: Why Change Programs Don't Produce Change • Group F: Tipping Point Leadership • Case • Walt Disney’s Dennis Hightower: Taking Charge • The Task You are required to: • Present a summary of the assigned article to the class • Compare and contrast it with one other article in the first six readings • Evaluate the practical effectiveness of the article’s recommendations • Use the concepts in the assigned article to recommend how Hightower should solve his problem at Disney.

6. Action Method • Came across a book in the iBooks store called “Making Ideas Happen” • Targeted at “creatives” who often have more ideas than outcomes • Methodology rooted in a web-based service called Action Method

7. Methodology • All of life can be divided into "projects" - the categories we use in our minds to separate and make sense of what we need to accomplish (e.g. "the party I'm planning," "client X," "event Y," "finances"). • The Action Method helps you manage your projects starting with the most basic elements - always with an emphasis on action.

8. Basic Elements • Action Steps • Action Steps are tasks that need to be completed. Each Action Step should start with a verb: "Call Y," "Follow up with X," "Buy a gift for Z." • References • References are notes, links, files, sketches - any information related to a project that gives context to your Action Steps.

9. Elements ctd • Backburners • Backburners are the brilliant ideas that you want to come back to later, but are not yet actionable. • Discussions • Discussions enable you to manage ongoing conversations across all of your projects with anyone that works with you.

10. Elementsctd. • Events • Events are the key occasions/meetings/milestones/etc toward which you (and your team) are working. Events can be used to coordinate deadlines for Action Steps, aiding project management.

11. Design Features • Web, paper or iPhone • Action Steps are more important than anything else, and the system is organized around them. • They believe that success comes down to identifying what needs to get done, who needs to do it, and then making it happen

12. Features ctd • You only share what is relevant • Action are only “delegated” if they are accepted • “Nag” and “Appreciation” functions • http://actionmethod.com/Tour

13. GUEST SPEAKER DAVID CHAVEZ, CPA