Failure to execute strategy is one of the biggest management challenges facing organizations. In fact, up to 90% of organizations do not successfully execute their business strategies (Forbes).
Effective business strategy needs a clear execution plan. Not just timescales and budgets, but a clear focus on which business capabilities need changing and how they impact performance.
Capabilities define what an organization needs to be able to do to successfully achieve the desired business outcomes. Capabilities are the only concept in the architecture of the business that links together strategy, business model and operating model.
Capability-Based Planning (CBP) is a powerful tool to ensure alignment of business and IT transformation to business strategy. It provides a shared communication instrument aligning strategy, goals and business priorities to investments.