Only 10% of all business strategies are fully executed! Will yours be one of them?
It’s one thing to develop a strategy and a plan, but at the end of the day all that really matters is how an organization implements and carries out that plan. This is why the ability to execute is so critically important. Organizations that execute well seem to operate effortlessly. There is little stress because things are done right the first time. Systems exist to anticipate peak and slack demand for resources, and the organization deftly adjusts to accommodate the needs.
Executives in organizations that execute well have time to think and plan. They are able to envision better ways of doing things and have good people to whom they can delegate to get things done. In the best organizations, the senior people manage calmly. (Unfortunately, most organizations have its senior people running around at a frenetic pace putting out fires, trying to accomplish things while the staff sits calmly watching the show and wondering when it’s time to go home.)
Companies that execute well run at two or more times their industry’s average profit margins and bottom line profitability. They make few mistakes, and have great relationships with their customers.