Experience and Strategy Execution risks

When executing strategy, honestly assess the organization on the following:

• Has relevant experience, been there, done that.

• No direct experience, but has experience that can be ported to current situation.

• Has no relevant experience at all.

The risks of executing strategy are inversely related to relevant experience. More the relevant experience, lower the risk and vice versa.

Since an organization is made up of individuals, assess each individual on the above.

Actions and plans will directly reflect the assessment so beware of over-confidence and misplaced optimism.