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Skills Mismatch: Business Acumen and Strategy Execution

Monday, March 11, 2013 | Category :

Research Sponsored by BTS and Conducted by the Economist Intelligence Unit

Regularly cited as a top CEO priority, execution is considered the key to achieving superior business results. Yet, the majority of organizations fail to effectively implement strategic initiatives. Research reveals that companies achieve a fraction of the financial results envisioned during the strategy's development. How much of this can be attributed to an organization's lack of business acumen or business skills?

A survey of more than 300 senior leaders and managers from around the globe conducted by the Economist Intelligence Unit and sponsored by BTS explores the relationship between business acumen and strategy execution. The data reveals that leaders across various industries around the globe overwhelmingly agree that insufficient business skills often limit an organization's ability to achieve strategic priorities.

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