A business unit within an Austrian engineering company sought to execute their strategic initiatives to strengthen its financial performance.
First, the company’s 2030 target state was defined together with the leadership team. Building on this foundation, a clear vision of the framework conditions and expectations for strategy execution was jointly developed. The needs and insights of middle management, responsible for executing the initiatives, were gathered and incorporated to refine broad strategic initiatives into executable activities across various product lines and business functions.
To support implementation, all initiatives were consolidated into a centralized dashboard, promoting consistency and accountability, while facilitating portfolio management. Initiative owners and leadership were continuously engaged in refining the management approach, ensuring that the process met the needs of all stakeholders throughout the implementation phase.
Result
An actionable strategy execution approach that allowed the organization to execute initiatives effectively while promoting cross-functional collaboration and ownership.