Five Reasons Why Execution Needs to Happen More Quickly Now Than Ever Before by Laura Stack

Published: Thu, 03/13/14

"However beautiful the strategy, you should occasionally look at the results." - Winston Churchill

Five Reasons Why Execution Needs to Happen More Quickly Now Than Ever Before

Back in the golden age of American business-before the dot-com meltdown, the Great Recession, and the banking crisis-most business leaders considered strategy and execution two different (if related) factors in the business equation. Strategy was something arrived at gradually at high-level meetings that took days, typically defined in 3-to-5 year chunks. At best, execution represented the downstream outcome of the leadership strategy, which was to be implemented by the management team.

We all know better now, having realized the hard way that strategy and execution are actually aspects of the same business continuum. In its most simplistic sense, execution is the process of moving from A to B, or from a stated strategic initiative to a tactic. Efficient execution, then, is the shortest distance between the goal and a check mark; effective execution is the most profitable outcome between the goal and a check mark. As you know, efficiency and effectiveness aren't always the same thing: you can get something done quickly, but it might not be the most profitable in the long run. Ideally, business leaders want to do both: achieve Maximum Results in Minimum Time™.

 
In my newest book published by Berrett-Koehler, Execution IS the Strategy, you'll note my bias toward agility and getting things done; in fact, in most cases, I assume you (the reader/the leader) have a valid strategy. I am passionate about speed, because I firmly believe it's not about who has the best ideas; it's about who executes their ideas best. A mediocre strategy, executed brilliantly, can beat the pants off a great strategy, executed poorly. Execution can't be leisurely.
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(C) 2014 Laura Stack. Laura Stack is America's premier expert in personal productivity. For over 20 years, her speeches and seminars have helped professionals, leaders, teams, and organizations improve output, execute efficiently, and save time at work. She's the author or coauthor of 10 books, most recently, Execution IS the Strategy. To invite Laura to speak at your next meet or register for her free monthly newsletter, visit www.TheProductivityPro.com