ABSTRACT

EXECUTION
1. Execution is fundamental to strategy within a firm 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 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, 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 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.