We believe talk is cheap, execution is precious and when well done, makes everything sing. Plan execution is why interim executives can be the answer for a company struggling with any sort of transition — from an unplanned vacancy in the C-Suite to unexpected market disruption to the desire to expand to new products, new types of automation, or new parts of the world.

Unlike consultants who come in, assess the situation, develop a strategic plan and leave, interim leaders understand that their job is to shine in the execution phase. Interims are experts at transforming organizations, leading companies through challenges that must be solved to survive and thrive.

Interims approach project objectives using a framework that has them Assess, Plan, and Execute (APE) repeatedly, revising approaches based on the client’s most pressing needs.

Great strategies often fail as a result of poor execution and, at the same time, great execution cannot save a truly poor business strategy.

Even great organizations can struggle due to the limitations of their thinking or approaches. The existing leadership team may fail to plan, execute, measure, and refine business goals as the company grows and faces the tough headwinds of a competitive marketplace.

Decision-making gives way to “analysis paralysis” as the team contemplates large-scale change with very high stakes. The longer this cycle continues, the harder change becomes.

Here we take a deep dive into the most common reasons business strategies fail and how to fix them with the help of interim executives who bring a unique combination of strategy and execution.

Business optimization is defined as “the process of identifying and implementing new methods that make the business more efficient and cost-effective.”

Sounds simple, right?

Wrong. The reality, as business owners and C-suite executives know, is that gaining the highest return for the lowest cost on all company expenses isn’t easy. While improving the bottom line by reducing rent is good, gaining similar savings by improving existing processes is better — much better. That’s because the more efficient process will pay back more and more as volume increases. And it can become a catalyst for reducing the operating cost of other related processes.

Experienced interim executives understand that business process optimization is the Holy Grail of cost reduction and business efficiency. They are action-oriented leaders who begin looking for ways to create value and deliver real results to the clients from Day One. They know how to find hidden value in existing products, processes, and systems, how to implement actionable strategies, and how to gain the alignment necessary to optimize the business.

As the adage goes, “Growth solves many ills.” Growing companies create more buzz, have an easier time attracting capital and talent, and overall have more opportunities than those in decline or with stalled growth. The two primary sources of top-line growth in revenue are sales to new customers and generating sales growth for existing customers. Both are most easily improved with fresh sales initiatives.

Yin to the yang of optimization efforts, maximization focuses on growing total revenue, market share, units, gross sales margins, and customers. It also focuses on maximizing the opportunities to sell products or services in properly defined and highly aligned channels, a process commonly referred to as the value chain. The value chain includes all activities from pre-sales to customer service that directly impact the customer base.