From the BlogSubscribe Now

Why good strategies fail

PMI shares insights from the latest study

23 December 2015 – A new resource has been added to the PM World Library on the subject of Project Failures and Failing Projects. Access to “Why Good Strategies Fail: Lessons from the C-Suite”, a report published by the Project Management Institute (PMI), has been added.

151223 - ImageAccording to PMI, “Strategic initiatives are too often relegated to the realm of good intentions left by the wayside. The truth is that well implemented, supported strategies can drive a company’s growth and development”.

“In Why Good Strategies Fail: Lessons for the C-Suite, an Economist Intelligence Unit report sponsored by PMI, we found that 61 percent of firms struggle to bridge the gap between strategy formulation and implementation, and that only just over half of strategic initiatives are successful. Given that 88 percent of organisations said implementing these important programmes successfully would be ‘essential’ or ‘very important’ for their competitiveness over the next three years, it’s critical that they figure out how to bridge this gap. More alarming is that only 17 percent of executives even identified strategy implementation as strategic. That means they see it as operational, tactical, or something other than essential to the future of their business”.

To access this new resource, go to, click on “Failed Projects”, scroll down to “Papers, Reports and Studies” and click on “Why good strategies fail”. Must be a registered member to access.

Posted by: Gary Mitchell