Friday, October 30, 2015

The Strategic Importance of Execution




Organizations tend to favour the thinkers with its folds. Not difficult to know the reasons for this. Intelligence is charming and enlivening. Thinkers know how to hold attention and make genuine points. The problem is that most listeners believe that talking about a matter and finding a solution equals to PROBLEM SOLVED.

Talking about a matter and building strategies is an important first half to growing business. But the best strategies are rendered useless, unless they are executed well. A good execution infrastructure is the 2nd part of a successful growth initiative. Good execution has the following advantages:

 

1.       The execution team members who are involved in the strategy formulation process can instantly point out which plans can run and which can’t. This saves a company tremendous resource and cost

2.       Great executors are often the reason why a plan, with glitches and holes in it actually ends up working. Executors and brilliant in foreseeing gaps and making modifications during implementation. They’re often great at adapting and thinking-on-their-feet, skills which come into play during tight situations. These changes may be minor or major. Often the original course gets turned on its head, but the growth objective is met. Which is the ultimate goal

3.        On a number of occasion, strategies can be built ground-up. That is based on the execution strengths of an organization. The opportunity to open new consumer segments and markets is a readily available growth avenue most companies are blind to.

 

Operational planning and execution is as important to organization as strategic planning is. In fact each is worthless without the other.

No comments:

Post a Comment