Business is 10% strategy and 90% execution. For every strategy to succeed, one needs to have the right execution in place. It’s thus imperative to state, that the Execution capability of any firm is a core capability, should the firm intend to succeed in realizing its goals. It equally sets the premise for Leaders & Managers to continuously keep working on building up this capability to drive higher competitive effectiveness of the firm.
To get the execution capability right, every firm needs to have the following 5 underlying factors in place: Quality of data, Change Management, Project Structure, Strategic Clarity & Right Resources (See HBR’s read on The Secrets to Successful Strategy Execution, 2008). Not only should these factors be present, but they need to be present to the right levels, to ensure there is harmony amongst these for the outcome of execution to happen (Also see, The Brew’s Moving the Needle Index, which helps Leaders understand that in addition to execution, whether they are adding value or not).
Take the below assessment to gauge your firm’s standing on it & as a follow-up measure to work on bridging the gaps & upping the execution capability quotient
Execution Capability Index (requires password to access)
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