I just completed listening to a brilliant audio book today from the Franklin Covey foundation on "Execution". Here is what I learnt.
Execution is the most important aspect of strategy. Nothing works if you can't execute it. It is dependent on a few factors:-
Execution is the most important aspect of strategy. Nothing works if you can't execute it. It is dependent on a few factors:-
- Goals - Have focused goals. Max of 3. More goals dilute the focus.
- Find out the measurable factors for your goals - the lag (the dependent variable y) and lead indicators (the independent variables x1,x2 etc)
- Create a dashboard to monitor if you are winning the execution game. It should contain both lag and lead indicators.
- Monitor the dashboard results daily/weekly ONLY for the identified goals.
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