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“A poor strategy executed well is
always better than a great strategy
executed poorly.” — Michael Porter
What’s in it for me
•Understanding the importance of
execution.
•Knowing how leaders drive
execution.
•Mapping key steps in successful
strategy execution.
Index
•Introduction
•Three building blocks of Execution.
•Core process of Execution
The Longest Rope
1. Leaders Please – Nominate yourself to be
a group leader.
2. Choose Wisely – Pick your team.
3. Action – Using anything that members of the
group possess, form a rope.
4. Winner Winner – The team with the longest rope that
can be held by two people of the team wins
Execution is a discipline, and
integral part to strategy
No worthwhile strategy can be planned
without taking into account the
organization’s ability to execute it
Execution
Execution requires a comprehensive understanding
of a business, its people and its environment – and
the leader is only person in a position to achieve that
understanding
Only the leader can make execution happen, through
his/her deep personal involvement in the substance
and even the details of execution
Execution must be a core element of an
organization’s culture
Execution has to be embedded in the reward systems and in the
norms of behavior that everyone practices.
Three
Building Blocks of
Execution
Building Block One: The Leader’s
Seven Essential Behaviors
Building Block Two: Creating Execution Culture
Building Block Three: The Job No
Leader Should Delegate – Having
the Right People in the Right Place
Building Block One:
The Leader’s Seven
Essential Behaviors
1. Know Your People and Business.
Leaders have to live their business. In companies that
don’t execute, the leaders are usually out of touch with
the day-to-day realities.
Building Block One:
The Leader’s Seven
Essential Behaviors
2. Insist on Realism
• Realism is the heart of execution, but many organizations
are full of people who are trying to avoid or shade reality
• Start by being realistic yourself. Then make sure realism is
the goal of all dialogues in the organization
Building Block One:
The Leader’s Seven
Essential Behaviors
3. Set Clear Goals and Priorities
• Leaders who execute focus on a very few clear
priorities that everyone can grasp
• Focusing on three of four priorities will produce the
best results for the resources at hand
Building Block One:
The Leader’s Seven
Essential Behaviors
4. Follow Through
• Clear, simple goals don’t mean much if nobody takes
them seriously
• The failure to follow through is widespread in
business, and a major cause of poor execution
Building Block One:
The Leader’s Seven
Essential Behaviors
5. Reward the Doers
• If you want people to produce specific results, you reward
them accordingly.
• This fact seems so obvious, yet many corporation do such
a poor job of linking rewards to performance that there’s
little correlation at all.
Building Block One:
The Leader’s Seven
Essential Behaviors
6. Expand People’s Capabilities via Coaching
• As a leader, you’ve acquired a lot of knowledge and
experience – even wisdom – along the way. Your job is passing
it on the next generation of leaders.
• This is how you expand the capabilities of everyone else in
your organization, collectively and individually.
Building Block One:
The Leader’s Seven
Essential Behaviors
7. Know Yourself
Without emotional fortitude, you can’t be honest with
yourself, deal honestly with business and organizational
realities, or give people forthright assessments.
Building Block Two:
Creating Execution
Culture
The basic premise is
simple:
Culture change gets real
when your aim is
execution.
Building Block Two:
Creating Execution
Culture
You don’t need a lot of
complex theory or
employee surveys to use
this approach.
You just need to change
people’s behavior so that
they produce results.
Building Block Two:
Creating Execution
Culture
First, you tell people clearly what
results you’re looking for.
Building Block Two:
Creating Execution
Culture
Then discuss how to get those
results, as a key element of the
coaching process.
Building Block Two:
Creating Execution
Culture
Then you reward people for producing the results. If they
come up short, you provide additional coaching, withdraw
rewards, give other jobs, or let them go.
When you do these things consistently, you create a
culture of getting things done!
Building Block
Three: The Job No
Leader Should
Delegate – Having
the Right People in
the Right Place
Why the Right People Aren’t in the Right Jobs?
• The leaders may not know enough
about the people they’re appointing
• The leaders may pick people with
whom they’re comfortable
(psychological comfort), rather than
others who have better skills for the
job
• The leaders may not have the
courage to discriminate strong and
weak performers and take the
necessary actions.
The leaders aren’t
personally committed to
the people process and
deeply engaged in it !!
The execution-
oriented leader
devoted an inordinate
amount of time and
emotional energy to
hiring, providing the
right experiences for,
and developing
leaders.
Core Process of
Execution
• Strategy Process
• People Process
• Operational Process
Core Process of Execution
Strategy
Process
Defines where a
business wants
to go
• What is the assessment of the external environment?
• How well do you understand the existing customers and
markets?
• What are the critical issues facing the business?
• What is the best way to grow business profitably?
• Can the business execute the strategy?
• What are the important milestones for executing the
plan?
• A strong strategic plan must address the
following questions:
Strategy Execution Review Questions
• How strong is the organizational capability to
execute the strategy?
• Is the plan scattered or sharply focused?
• Are the linkages with people and operations
clear?
People Process
Defines who’s
going to get it
there
A robust people process provides a
powerful framework for
determining the organization’s
talent needs over time, and for
planning action that will meet
those needs.
Robust People Process based on the following
building blocks:
• Linking to strategic plan and business results
• Developing the leadership pipeline though
continuous improvement, succession depth, and
reducing retention risk
• Deciding what to do about non-performers
Operation
Process provides
the path for
those people.
A robust operation process
focuses on an operating plan
that links strategy and people
to results.
`
Operating plan includes the
programs your business is going to
complete within one year to reach
the desired levels of such
objectives as earnings, sales,
margins, and cash flow.
Executionofstrategy-dominic.pptx
Executionofstrategy-dominic.pptx

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Executionofstrategy-dominic.pptx

  • 1. “A poor strategy executed well is always better than a great strategy executed poorly.” — Michael Porter
  • 2. What’s in it for me •Understanding the importance of execution. •Knowing how leaders drive execution. •Mapping key steps in successful strategy execution.
  • 3. Index •Introduction •Three building blocks of Execution. •Core process of Execution
  • 4.
  • 5. The Longest Rope 1. Leaders Please – Nominate yourself to be a group leader. 2. Choose Wisely – Pick your team. 3. Action – Using anything that members of the group possess, form a rope. 4. Winner Winner – The team with the longest rope that can be held by two people of the team wins
  • 6. Execution is a discipline, and integral part to strategy No worthwhile strategy can be planned without taking into account the organization’s ability to execute it
  • 7. Execution Execution requires a comprehensive understanding of a business, its people and its environment – and the leader is only person in a position to achieve that understanding Only the leader can make execution happen, through his/her deep personal involvement in the substance and even the details of execution
  • 8. Execution must be a core element of an organization’s culture Execution has to be embedded in the reward systems and in the norms of behavior that everyone practices.
  • 10. Building Block One: The Leader’s Seven Essential Behaviors Building Block Two: Creating Execution Culture Building Block Three: The Job No Leader Should Delegate – Having the Right People in the Right Place
  • 11. Building Block One: The Leader’s Seven Essential Behaviors 1. Know Your People and Business. Leaders have to live their business. In companies that don’t execute, the leaders are usually out of touch with the day-to-day realities.
  • 12. Building Block One: The Leader’s Seven Essential Behaviors 2. Insist on Realism • Realism is the heart of execution, but many organizations are full of people who are trying to avoid or shade reality • Start by being realistic yourself. Then make sure realism is the goal of all dialogues in the organization
  • 13. Building Block One: The Leader’s Seven Essential Behaviors 3. Set Clear Goals and Priorities • Leaders who execute focus on a very few clear priorities that everyone can grasp • Focusing on three of four priorities will produce the best results for the resources at hand
  • 14. Building Block One: The Leader’s Seven Essential Behaviors 4. Follow Through • Clear, simple goals don’t mean much if nobody takes them seriously • The failure to follow through is widespread in business, and a major cause of poor execution
  • 15. Building Block One: The Leader’s Seven Essential Behaviors 5. Reward the Doers • If you want people to produce specific results, you reward them accordingly. • This fact seems so obvious, yet many corporation do such a poor job of linking rewards to performance that there’s little correlation at all.
  • 16. Building Block One: The Leader’s Seven Essential Behaviors 6. Expand People’s Capabilities via Coaching • As a leader, you’ve acquired a lot of knowledge and experience – even wisdom – along the way. Your job is passing it on the next generation of leaders. • This is how you expand the capabilities of everyone else in your organization, collectively and individually.
  • 17. Building Block One: The Leader’s Seven Essential Behaviors 7. Know Yourself Without emotional fortitude, you can’t be honest with yourself, deal honestly with business and organizational realities, or give people forthright assessments.
  • 18. Building Block Two: Creating Execution Culture The basic premise is simple: Culture change gets real when your aim is execution.
  • 19. Building Block Two: Creating Execution Culture You don’t need a lot of complex theory or employee surveys to use this approach. You just need to change people’s behavior so that they produce results.
  • 20. Building Block Two: Creating Execution Culture First, you tell people clearly what results you’re looking for.
  • 21. Building Block Two: Creating Execution Culture Then discuss how to get those results, as a key element of the coaching process.
  • 22. Building Block Two: Creating Execution Culture Then you reward people for producing the results. If they come up short, you provide additional coaching, withdraw rewards, give other jobs, or let them go. When you do these things consistently, you create a culture of getting things done!
  • 23. Building Block Three: The Job No Leader Should Delegate – Having the Right People in the Right Place Why the Right People Aren’t in the Right Jobs?
  • 24. • The leaders may not know enough about the people they’re appointing • The leaders may pick people with whom they’re comfortable (psychological comfort), rather than others who have better skills for the job • The leaders may not have the courage to discriminate strong and weak performers and take the necessary actions.
  • 25. The leaders aren’t personally committed to the people process and deeply engaged in it !!
  • 26. The execution- oriented leader devoted an inordinate amount of time and emotional energy to hiring, providing the right experiences for, and developing leaders.
  • 28. • Strategy Process • People Process • Operational Process Core Process of Execution
  • 30. • What is the assessment of the external environment? • How well do you understand the existing customers and markets? • What are the critical issues facing the business? • What is the best way to grow business profitably? • Can the business execute the strategy? • What are the important milestones for executing the plan? • A strong strategic plan must address the following questions:
  • 31. Strategy Execution Review Questions • How strong is the organizational capability to execute the strategy? • Is the plan scattered or sharply focused? • Are the linkages with people and operations clear?
  • 33. A robust people process provides a powerful framework for determining the organization’s talent needs over time, and for planning action that will meet those needs.
  • 34. Robust People Process based on the following building blocks: • Linking to strategic plan and business results • Developing the leadership pipeline though continuous improvement, succession depth, and reducing retention risk • Deciding what to do about non-performers
  • 36. A robust operation process focuses on an operating plan that links strategy and people to results.
  • 37. ` Operating plan includes the programs your business is going to complete within one year to reach the desired levels of such objectives as earnings, sales, margins, and cash flow.