Doing is meeting goals. Execution is the ability to mesh strategy with reality, align people with goals, and achieve the promised results. “Strategy is a pattern in a stream of decisions” —Henry Mintzberg Strategy Quote #2.. “The essence of strategy is choosing what not to do.” —Michael Porter Strategy Quote #3. Follow AzQuotes on Facebook, Twitter and Google+. Larry Bossidy says that when things were going well in a company he headed, he spent 20% of his time on the people processes, when he was re-building, that went up to 30-40%. Be particularly cautious about losing your ability to listen. This is particularly true of boards of directors, many of which made egregiously bad calls in rewarding poor performance by the CEOs of their companies. Execution is a Discipline No worthwhile strategy can be planned You need people who can roll with the punches, not people who are whiners and naysayers. You have to make it clear to everybody that rewards and respect are based on performance. Some goals are legitimately short-term goals that yield short-term results and are properly compensated on a short-term basis. Set clear goals and priorities. One way to ensure that you have the right people in the right jobs in this rapidly shifting environment is by writing job descriptions for the kind of people you need in each job as it will exist tomorrow, then match those descriptions against the talents and abilities of the peole holding those jobs today. "Larry is a quick thinker, who energizes others around him. That isn’t what you want when you strive for a culture of execution. During his first three years at Allied Signal, he personally interviewed many of the 300 plus MBA’s hired because they were the source for future leaders. Execution Summary by Larry Bossidy and Ram Charan is a book that explains the changes which need to happen in a company regarding its culture, in order to attain better execution of its strategies and objectives, and hence better results and higher profits. Dialogue alters the psychology of a group. In chapter 4, we’ll explain why so many companies don’t reward the doers, and how those that execute do.”, “Follow-through is the cornerstone of execution, and every leader who’s good at executing follows through religiously. March 1935. But now, more than ever before, leaders need to design flexible operating plans. During a 34-year career at General Electric Company, where he rose to vice chairman, and nine subsequent years as chief executive of AlliedSignal Inc., he gained a reputation as one of America’s most forthright and successful executives. His leadership skills are underdeveloped. In it the authors, Larry Bossidy and Ram Charan, underline the importance of executing well in the business world. A good leader ensures that the organization makes these distinctions and that they become a way of life, down throughout the organization. As the retired CEO of AlliedSignal, he spent more than three decades leading up to an executive position at General Electric. Bossidy’s book has three main parts which we will summarise in detail. Be the first to learn about new releases! In part that means, as noted earlier, knowing your people and listening to their concerns.”, “Execution has to be a part of a company’s strategy and its goals. “The behavior of a business’s leaders is, ultimately, the behavior of the organization. Linked together as these behaviors are, rewarding the doers must be based on the correct metrics. Increasing shareholder value is an outcome, not a goal. Execution must be a core element of an organization’s culture.”, “Much has been written about Jack Welch’s style of management—especially his toughness and bluntness, which some people call ruthlessness. 07:10 Strategies most often fail because they aren’t executed well. Leaders must take responsibility for setting the right rewards for doers. In the late 1970s and early 1980s, he led GE Capital Corporation, creating a world-class financial service organization. Welcome back. Execution is the major job of the business leader. You also need to rethink which people are more likely to rise to the top in the new environment as your organization’s strategy evolves.”, “Thus you have to rely on yourself to contain your own ego and recognize your inevitable blind spots. It ensures that you have established … Following through ensures that people are doing the things they committed to do, according to the agreed timetable.”, “While understanding reality is crucial, equally important is communicating it to your people.”, “To understand execution, you have to keep three key points in mind: Execution is a discipline, and integral to strategy. Sldtivy.com WWW. Later acquiring Often, those executives fail. Lawrence Bossidy Quote: “Self-awareness gives you the capacity to learn from your mistakes as well as your successes. Get everything else right and shareholder value will take care of itself. Then the top performers at Lake Wobegon High School Self-awareness gives you the capacity to learn from your mistakes as well as your successes. It enables you to keep growing. 3. Make sure he gets some help.”, “Many people strategize themselves into the wrong businesses.”, “is responsive, not proactive. Larry Bossidy would be, by any analyst’s estimation, the perfect author for such a work. Strategy Quote #1. And also Larry Bossidy is American Businessman. Execution must be a core element of an organization’s culture. As such, it is a major—indeed, the major—job of a business leader. I'm just going to keep going and goind and going until I can't go anymore. He is more knowledgeable than others but doesn’t perform. They need to know you. relatably.com helpful non helpful" However beautiful the strategy, you should occasionally look at the results" — Sir Winston Churchill Larry Bossidy quotes,Larry, Bossidy, author, authors, writer, writers, people, famous people As events unfold rapidly amid much uncertainty, follow-through becomes a much more intense process. If you don't have the best people you hurt everyone. Choosing the wrong goals can be disastrous. You must also begin now to cultivate the leaders of the future, testing and evaluating people for their ability to execute in the face of new challenges and circumstances. It's a complex thought about the strategy.