Execution (Review and Analysis of Bossidy and Charan's Book)
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About this ebook
This complete summary of the ideas from Larry Bossidy and Ram Chaean's book "Execution" shows that the gap between what a company promises and the results it actually achieves is the biggest issue facing businesses. This summary names and explains the key building blocks needed by a company for efficient and consistent execution, thus effectively giving you the tools to improve execution in your own company.
Added-value of this summary:
• Save time
• Understand key concepts
• Expand your business knowledge
To learn more, read "Excecution" and discover a corporate vision which is squarely grounded in reality.
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Execution (Review and Analysis of Bossidy and Charan's Book) - BusinessNews Publishing
Book Presentation
Execution by Larry Bossidy and Ram Charan
Summary of Execution (Larry Bossidy and Ram Charan)
Book Abstract
MAIN IDEA
Execution – or more frequently, the lack of execution – is the biggest issue facing businesses today.
Execution is the gap between what a company promises and the results it actually achieves. Those companies which have a habit of executing well earn a substantial market value premium over firms that fail to meet expectations. There is always a significant financial premium attached to the ability to execute. Furthermore, companies that excel at execution are more robust and more favorably positioned to respond to rapid changes in the marketplace.
Importantly, however, execution is not simply a result. Execution is actually a discipline in its own right which links together three core processes: people, strategy and operations. To be able to execute consistently well, a business needs to have in place three key building blocks: leaders who are hands-on and who understand execution, a corporate culture which values execution highly and the right people in the right places.
In all, execution never just happens by chance. Unless the right people focus on the right details at the right time, execution just won’t happen. Great leaders always know how to execute. They expound a corporate vision which is grounded squarely in reality rather than wishes.
"When companies fail to deliver on their promises, the most frequent explanation is that the CEO’s strategy was wrong. But the strategy by itself is not the cause. Strategies most often fail because they aren’t executed well. Things that are supposed to happen don’t happen. Either the organizations aren’t capable of making them happen, or the leaders of the business misjudge the challenges their companies face in the business environment, or both. No company can deliver on its commitments or adapt well to change unless all leaders practice the discipline of execution at