Strategy

Execution – Getting Things Done

Execution of Strategy

70% of failure of strategy comes from poor execution by leadership. It is rarely the fault of lack of vision or thinking. Ram Charan – Execution the discipline of getting things done 2005

When you think about it, you were taught strategy at business school, not execution. Did you ever think execution of your strategy would be so difficult, after all, your people work for you, nobody else is paying them.

So why does it feel so much harder than it should?

Is it because of the enormous amount of energy required to maintain the operation? ‘The Day Job’ what we call the whirlwind, will suffocate the activities required to execute the strategy.

Think about the strategies that you have seen fail. How did they die?

Did they come crashing down with a big bang, or die slowly, quietly smothered by the day job?

Your people are not lazy or defiant. The problem is, they are busy with what they call real work.

It is also a fact that like most creative, ambitious leaders you may be trying to pursue too many goals at the same time and as the numerous priorities become jumbled within the whirlwind, your people lose sight of where they stand.

You measure everything, but the numbers are after the fact. It feels like you are driving a car looking out of the review mirror.

Your managers spend their days either battling the whirlwind or praying they achieve the goal. So people return to their day job, having lost sight of the strategy. They are clearly playing not to lose rather than playing to win.

There are four rules for executing in the face of the whirlwind and unknowingly you are not aware of them.

If this sounds familiar to you, and you would like to know the four rules, contact me and let’s see if your team is up for executing your strategy in the face of the whirlwind. Bob.evans@yibp.co.uk Your Ideal Business Partner

Why not hold a strategy day with your team. Learn more…

Resources

  • Ram Charan – Execution the discipline of getting things done 2005
  • Stephen R Covey, Chris McChesney 2012 The four disciplines of execution


 

Going Business Class

Going Business Class

Going Business Class

Going business class is taking your business to a level where you run it and it doesn’t run you. It’s automated and is hitting the growth and cash targets you have set. The phases of business growth as we see them are described below:

Start Up. The majority of us start a business that is based on our trade, occupation or profession. Some of us base it on a passion, whichever route though; it is born out of a desire to achieve something out of the ordinary.

Some start-up owners study business before they launch and others just dive straight in. The one thing they all have in common though is the very rapid learning curve they go through. The lucky ones, stay in business and move into the next phase.

Struggle. Does this sound familiar? The next phase for most start-ups is struggle. We define this stage as having taken your business to your limiting ceiling; measured in turnover, this could be anything from £100k to, say £5m, depending on your business. Very few businesses actually break through this level to the next one; it is our aim to help you achieve this.

Business Class. Is where you really want to be, it is where your business is achieving the goals you set without you having to be right in there. It is taking your business to the next level and is the hardest level to achieve. The businesses that do achieve this are those that put a plan in place. With a good plan it can be achieved within a reasonably short period of time, anywhere from one to three years might be considered acceptable. The mentoring system is designed to take you business from struggle to Business Class.

So, what is the difference between struggle and business class?

Business Class company owners:

  • Have a “big picture” perspective and a vision for the future
  • Have well developed goals and objectives
  • Build a team to deliver the objectives

FREEDOM is the final phase for any business owner.

We define this phase as:

“Building a business that can run effectively without you constant involvement”.

At this point you will have gained both financial, as well as, time freedom. This is our ultimate objective for you.

Bob Evans
Your Ideal Business Partner