Execution
(Larry Bossidy & Ram Charan)
Why Execution is Needed The Gap Nobody Knows Sometimes even good companies fail with catastrophic results, despite stellar qualities. The problem is usually not the strategy or the person in charge; it is the gap between strategy and execution. Execution Comes of Age 1. Execution is a discipline: Execution is fundamental to strategy and must shape it. It is the process of taking into account all factors that can affect your end result. Too often plans are static, made by rote and taken for granted. Plans and processes need to be carefully thought out and performed given current and possible future realities. 2. Execution is the Job of the Business Leader: Execution requires a comprehensive understanding of a business, its people and its environment. Leaders should be intimately and intensely involved with their people and operations; in other words, active involvement is the key here. Dialogue must be at the core: be candid and reality-based, ask questions and find realistic solutions. 3. Execution Has to Be in the Culture: Execution has to be embedded in the rewards system and in the norms of behavior. Look for deviations from desired managerial tolerances. Execution only works as a widespread collective effort, not on an individual basis. People assume that the statement of an idea instantly produces results. Or they announce the idea and expect other people to spell it out and do what needs to be done. Results can only be obtained when you specify in detail how to arrive at desired outcomes through persistent probing in the right direction. We are geared to think that leaders are supposed to find new ways of thinking, new strategies, new ideas. But the work of bringing these abstract thoughts to fruition is usually delegated to someone else. 1. Know Your People and Your Business. A leader must be in touch with the day-to-day realities of the business. Get to know your organization down to the smallest unit. Get to know the supervisor and her team, how they produce results for the organization and their level of awareness regarding the situation elsewhere in the company. Work towards a climate of open, honest dialogue on all levels, up and down The Building Blocks of Execution Execution by Larry Cassidy and Ram Charan 1. Know Your People and Your Business. A leader must be in touch with the day-to-day realities of the business. Get to know your organization down to the smallest unit. Get to know the supervisor and her team, how they produce results for the organization and their level of awareness regarding the situation elsewhere in the company. 2. Insist on Realism. Identify your weaknesses, and don't mince your words. Be aware of your organization's capabilities and shortcomings. Try to look at the situation from all sides, especially from the points of view of the consumer and of the competitor. 3. Set Clear Goals and Priorities. Focus on very specific, defined priorities to maximize the resources you have at hand. Simplify. Choose which goals are important and manageable for you, and work on those. 4. Follow Through. Make sure the plans you make are carried out and check on all subordinates to whom responsibilities have been delegated. Provide incentives for those who provide exemplary results and deliver ultimatums to those who don't meet their requirements. 5. Reward the Doers. Reward your top performers. They will reward you in the future with more good work. 6. Expand People's Capabilities Through Coaching. Don't just give orders; teach your staff how to get things done. Observe your people in action then provide feedback. Compliment and encourage good behavior, note the bad and makes suggestions for improvement. Help others find a better way of doing their job for your company by asking them questions that lead to the answer. They figure out ways to improve by themselves, and the lesson is more easily abd. This applies not only to business practices and decisions but personal attitudes and behavior as well, especially those that affect co-workers and work results. Provide opportunities for learning to those who will benefit the most from them, especially those who might be promoted to key positions later on. 7. Know Yourself. Do you have the strength and the courage to do what's necessary? If you hesitate to act, you bring risk to the whole organization. If you are determined and resolute, others will follow your example. All of this requires emotional fortitude, which is comprised of authenticity, selfawareness, self-mastery and humility. Why the Right People Aren't in the Right Jobs 1. Lack of Knowledge. Sometimes, the people in HR don't really know their people's specific qualities or a job's requirements. Job requirements must specify the level of personal experience and professional know-how necessary, and match all these with what a candidate has to offer. 2. Lack of Courage. If someone screws up, fire them if they're beyond help. You will save your company the trouble and the employee will be relieved of a duty he can't perform. 3. Psychological Comfort Factor. Some leaders hire or promote people for the wrong reasons like friendship, personal loyalty or personality compatibility. 4. Lack of Personal Commitment. If you don't sincerely care about your company and your people, you won't do much - if at all - to fix a problem that you know is there.
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