Most companies, like most individuals, excel at making plans, but are not as talented when it comes to actually carrying them out. Thus, execution - the ability to get things done, particularly on a strategic level - has become a must.
The need for execution is the most important element in today's business world and is even a shade above having a great plan. However, the need for execution is sometimes undervalued compared to strategy, which is usually seen as the most important part of doing business.
The truth is that you can have the best ideas, but if you don't know how to implement them, it is better not to have such ideas. This is what Larry Bossidy and Ram Charan try to explain in Execution. This easy-to-read book is full of examples and real life experiences on how to link strategy and execution effectively in order to grow your business.
Execution practically works as a handbook and helps readers learn how to link the three pillars of business - people, strategy and operations. It shows us that leaders should not only formulate a vision but also help in executing it.
This book helps us understand that if as leaders we lose touch with the operational realities, we might find our business going nowhere. Thus, the basic value of getting things done should be instilled at every level in an organisation as a part of its culture.
It also makes clear the thin (and sometimes not clear) line between micro management and executing critical things and how a company's performance differs on its leader's ability to execute: and hence why some are successful and others are not.
Execution inspired me to write "Why not.! Racing ahead with mentors", a book on the traits one needs to have to become successful in today's corporate world.
Authors: Larry Bossidy and Ram Charan
Publisher: Random House
Pages: 278
Price: Rs 650
ISBN: 0712625984
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