A new survey of UK enterprises by Strategy Management Partners reveals a stark contrast between the growth aspirations of these companies and its ability to execute effectively.
Only 18.4% of businesses achieve more than 80% of its aspirational growth goals within three years of setting them. Additionally, almost half (41.2%) of companies fail to achieve 60% or more of its stated targets in this timeframe, indicating a widespread struggle with consistent execution.
One of the most significant findings from the research is the role of people in either enabling or impeding strategy execution. Over half of decision-makers (50.4%) identified talent and capability gaps as the primary barrier to effective strategy delivery.
The study also found that despite widespread ambition, only 23.6% of large UK companies are embracing a truly innovative and disruptive mindset. The majority (61.20%) were found to only pursue innovation incrementally and/or when necessary, rather than proactively.
Only 46% of firms have a clearly measurable value gap between its current and desired future state – a key metric for aligning strategy with outcomes.
Muibat Ijaiya, Partner at Strategy Management Partners, said: “Overall, this research provides valuable insights into what UK enterprise leaders are experiencing in terms of executing growth strategies in a globally connected world. As businesses navigate this complex environment, a sharper focus on execution readiness, talent development and data-driven performance monitoring will be essential to bridging the gap between ambition and achievement.”
