List Categories | List All Articles | List Articles By Title
Execution - A Book Summary
You've got the bright ideas and the smart people, and the market is just ready for you. But why hasn't your business taken off as you predicted? Maybe the problem is in your execution. What does it really take to get a business going? You need the right people combined with realistic strategies to create effective operating procedures. Let Larry Bossidy and Ram Charan tell you how.
A business leader's most important job is the execution of plans, the "detail work," making sure that the staff is getting results. This is the sort of responsibility that cannot be delegated. It is the leader's primary duty to see that every member of the team is carrying out his part of the big plan to ensure the whole company's success. There are no excuses for failure: the market will always be tough. What spells the difference between successes and failures is the ability to execute plans.
Too often, too much intellectualizing and philosophy occurs at the planning level. The leaders are busy with their dreams and plans for success but there is little focus on implementation, thus the promised result is not delivered. The emphasis on execution as an integral part of the business process has not received enough attention in terms of accumulated knowledge and literature.
The Building Blocks of Execution
The Leader's Seven Essential Behaviors
1. Know Your People and Your Business.
2. Insist on Realism.
3. Set Clear Goals and Priorities.
4. Follow Through.
5. Reward the Doers.
6. Expand People's Capabilities through Coaching.
7. Know Yourself.
Creating the Framework for Cultural Change
You can't just institute changes for the sake of shaking things up at your company. Your changes must be geared towards getting results. Be specific: what sort of behavior is acceptable in your company? What's unacceptable? Change must begin at the top-level, to set an example down the line. Don't just expect it to happen either. Reward successful implementation of your plans to instigate change.
The Job No Leader Should Delegate-Having the Right People in the Right Jobs
Hiring the right people is as important as planning ahead; you need people who are not only capable, but also full of potential for growth as your business expands. Take time to focus on your staff, because in effect your business is in their hands. Take time to develop your staff's leadership capabilities so that they can bring results to your plans and visions. Assess individual capabilities and determine if you can further develop your employee through training, coaching and exposure, or if he's better off elsewhere. If you can properly develop your people, you should be able to fill top administrative posts from within. Hire a talented person and she will hire a talented person.
The Processes of Execution
A. Linking People to Strategy and Operations
Break your strategy down into manageable near-, medium- and long-term goals. Determine kinds of skills you need for the upcoming goals and start laying the foundations early. Then design an action plan for each step of your big plan.
B. Developing the Leadership Pipeline Through Continuous Improvement, Succession Depth and Reducing Retention Risk
Meeting your goals depends on the quality of the people you have. Assess today those who can be leaders in the future through the following: The Leadership Assessment Summary, The Continuous Improvement Summary, Succession Depth, and Reducing Retention Risk Analysis.
C. Dealing with Non-performers
Non-performers are people who aren't meeting their established goals. This does not mean that they're unqualified or incapable. It just means they aren't performing at the level required for your company's success. Sometimes you just need to coach a person to get them better acquainted with a job. Sometimes they just need to be transferred to another division or responsibility that's better suited to their capabilities. Other times there's no choice but to let him go. However, do so in a manner that allows the person to keep his dignity.
D. Linking HR to Business Results
The role of the HR department in a company is different now. The HR function must set out to fill the positions that are and will be important as projects and plans progress over the upcoming months-even years. Use the HR division to keep track of your company's top people across the whole organization, to see who can be groomed, or even promoted already, for key positions. HR should not only be able to assess people in their current jobs but also the people below them-if one person is to be promoted, someone should be adequately qualified to fill the upcoming void.
Examine all your strategies and determine the sorts of skills you need for these plans. If you can't develop the right people in time, determine if you need to hire from outside. Identify which jobs are critical, and which ones will be critical down the line. Are they filled with the right people? Monitor also the top positions in the company and spell out criteria for filling them. If there is a sudden vacancy, is there someone you haven't considered who might be more than qualified? If you know your people and their capabilities, filling the vacancy should be a small problem, especially if you've done your job in developing them for leadership.
The Importance of Hows
Even brilliant strategies are bound to fail if not grounded in realities-regarding the competition, the capabilities of the company's own people, the market, the product offerings. When creating strategies, consider not only the current realities of all relevant factors, but also unexpected-if unlikely-turns of events. There must always be backup plans, or at least people who can quickly think up alternative plans to make the best of a botched situation. Adaptability to change should always be a consideration: constantly review your plan to see if it is being executed properly, if current and future steps are still feasible, and if the people in charge are still getting results.
Building the Operating Plan
1. Set the targets: Keep your targets realistic. Base them on track records and histories.
2. Develop action and contingency plans: Study the possible outcomes that might leave the company most vulnerable and base your contingency plan on that. In other words, plan for the worst.
3. Get agreement and closure from all participants: Communicate agreed-upon goals to the people concerned after the meeting, to reiterate your expectations and what they promised to deliver.
Outcomes of the Operations Process
Think carefully: what does your business want to achieve? Think of this vis-à-vis what your company is likely to achieve. Watch how the operations affect your company, especially for the need to reallocate resources. Conduct quarterly reviews to see if you're still on track, who's keeping you there, and if you should even be there in the first place.
By: Regine P. Azurin and Yvette Pantilla Regine Azurin is the President of BusinessSummaries.com, a company that provides business book summaries of the latest bestsellers for busy executives and entrepreneurs.
http://www.bizsum.com "A Lot Of Great Books... Too Little Time To Read" Free Book Summaries Of Latest Bestsellers for Busy Executives and Entrepreneurs
Change Your Thinking, Change Your Life - AchieveMax® Top Ten Book Review
Change Your Thinking, Change Your Life is another book focusing on the obvious. We've heard it all before.
Shattered Memories, Scattered Emotion - Review
Betty Woodrum released her first book of poetry entitled Shattered Memories, Scattered Emotions in on July 16, 2005. Her poetry is clean and simple and extremely honest.
Her Backyard: Book Review
Her Backyard by Doreen Lewis is an adventure, romance novel that depicts a career woman in the middle of self-discovery. It is about making choices that may not be so easy to make and complex relationships between co-workers, siblings and friends.
Workshop-In-A-Book® for Dating Again, A Must-Read EBOOK
The Joy Of Dating Again is designed to be a do-it- yourself workshop. This book features 21 self-empowering keys.
Humor Just Got A Whole Lot Funnier With Juggin Joe
Author Joseph Yakel presents his own blend of humor and melodrama in this country boy comedy. Offered as a light-hearted, fun adventure with a feel-good edge, Yakel said he was looking to amuse his audience with something a little different.
Please Don't Just Do What I Tell You, Do What Needs to Be Done - AchieveMax® Top Ten Book Review
Please Don't Just Do What I Tell You, Do What Needs to Be Done: Every Employee's Guide to Making Work More Rewarding by Bob NelsonHere's another mini-book, 105 pages, that packs a real wallop in a simple, smart and savvy way. Bob Nelson is the million-copy best-selling author of the 1001 Ways series (1001 Ways To Reward Employees, 1001 Ways To Energize Employees, and 1001 Ways To Take Initiative At Work) and Managing for Dummies.
Book review on Finite Capacity Scheduling, Part I
Finite Capacity Scheduling by Gerhard Plenert PhD and Bill KirchmeirI met Gerhard and talked with him for an hour at a customers office of one of our franchisees in Reno NV, which specializes in antique car restoration and maintenance. Gerhard was in the waiting room reading what may have been Steven Hawkins, so we began talking.
A Ghost in Cornwall
This land is my memories. For two thousand years this valley has been mine alone.
Turbo Strategy - A Book Summary
Businesses are run mostly on auto-pilot and any problem areas are only dealt with when they are already critical, but by then it may already be too late. Most business managers are too busy with the day-to-day work to sit back and look at the business critically in terms of its context and the direction it is going.
Thinking for a Change - AchieveMax® Top Ten Book Review
John C. Maxwell is back again in Thinking for a Change: 11 Ways Highly Successful People Approach Life and Work to add to his more than 30 previous titles with his encouraging tone and down-to-earth writing style.
Born Evil - Book Review
"Author of two books and many short stories, J.P.
Fire in the Ice: Book Review
"An excellent novel that will wring tears of frustration and pain and then tears of joy from the reader.'Fire in the Ice' is a perfect title for this book.
The 18 Immutable Laws of Corporate Reputation - A Book Summary
Everything an individual or company does or produces contributes to its reputation. Reputation is an intangible asset, but a very important one.
Book Summary: First, Break All The Rules
Based on a mammoth research study conducted by the Gallup Organization involving 80,000 managers across different industries, this book explores the challenge of many companies - attaining, keeping and measuring employee satisfaction. Discover how great managers attract, hire, focus, and keep their most talented employees!Key Ideas:1.
Unspoken Dreams - Book Review
"Carol Bennett writes a stunning mystery-thriller. Her chilling entrance is one I have encountered only rarely in a book.
The Leadership Challenge - AchieveMax® Top Ten Book Review
The Leadership Challenge: The Most Trusted Source on Becoming a Better Leader by James M. Kouzes & Barry Z.
On the Brink of Risk - A Book You Wont Put Down
On the Brink of Risk is a fiction novel inspired in true events; it has a love story turned evil, hate and vengeance, intents to kill, negligence and malpractice at more than one hospital that almost lead to death, harassment and persecution by the political organizations and government officials as well as comments on everything the average citizen has to go through to endure everyday life in that Caribbean country.It was written under the pseudonym of Nancy Cruz and writing was at first an intent to make a catharsis and finally put to rest everything that had been a load in the author's mind and life for too many years, she thought that was the only way to really start anew.
Bury My Heart at Redtree
Title: Bury My Heart at Redtree Author: Patrick Chalfant Genre: Suspense/Thriller ISBN: 1-930709-53-6Patrick Chalfant weaves a tale that is a mixture of psychological suspense, Native American mysticism and revenge in his sophomore novel Bury My Heart at Redtree. Redtree follows Taylor, a promising young psychology student as he builds his masters thesis around the revenge he has planned for those who are responsible for his parent's death.
What Color Is Your Parachute? - A Book Summary
The best-selling job-hunter's bible for decades, this indispensable resource is a complete handbook for people who are on a quest to find their mission in life, or at the very least, the next good job that will put food on the table. Whether you are a fresh graduate, never finished a degree, or are searching for your deeper calling after many years of work, this is the book for you.
Stewie Griffin Depicts the Winter of Spenglers Discontent
Oswald Spengler predicted a protracted winter in The Decline of The West. Spengler wasn't alone in his depiction of a distopian society where fashion reigns over utility, luck is dominant, bureaucracy squelches progress and the rich have a firm hold on the reigns of an incipient global culture.
home | site map
All articles are copyright to their owners.
Note: this website lists articles, We do not Write Articles !