Note: This posting is based on my weekly “Thank God It’s Monday” that helps you and your company thrive!
This week’s focus: strategy versus execution
What’s more important: strategy or execution? They are equally important. Here’s what we know anecdotally:
- Too many companies have poor execution of their strategy.
- We seldom hear about companies with great execution and a poor strategy.
Many top executives see their role as setting strategy. Yet, they are too trusting that their strategy will be properly executed by their teams.
The problem stems from not aligning the teams with the strategy and holding people accountable for executing their portion of the strategy. Poor execution of a great strategy leads to disappointment or worse.
The business world is littered with executives who had great strategic intentions but could not drive actual execution. This is an age-old business problem.
Are you interested in accelerating your growth? Call me so we have a discussion about a process and tools that can help you and your company thrive at strategy execution.
Thought for the week: