| The
Missing Link
by
Sanjeev Gupta

It is our pleasure to recommend EXECUTION, co-authored
by Honeywell ex-CEO Larry Bossidy. The book is a much
needed, departure from contemporary management literature.
Instead of big ideas and strategies, it focuses on
the importance of getting things done. Here are some
bullet points from the book that we thought you will
find useful:
1. Execution is the
missing link between aspirations and results.
The reason for many conspicuous failures is not lack
of a solid, logical and even bold strategies, but
the failure to execute. At the same time, the best
performing companies from Dell to Wal-Mart thrive
because they execute well.
2. Execution is the
discipline of getting things done. It is
a systematic process of rigorously discussing what's
and how's, questioning, tenaciously following through,
and ensuring accountability.
3. Execution is the
major job of a business leader. The job of
CEOs and other top managers does not end with setting
a direction, or even planning. No more can they rely
merely on vision to get from goals to results; to
survive and thrive, they must get more involved in
the details of execution.
4. Execution must
be a core element of a business culture. Execution
must be embedded in the reward systems and in the
norms of behavior that everyone practices.
5. A culture of Execution
can be established by following a simple formula.
You do not need sophisticated theories to effect cultural
change - just set clear expectations for people; provide
them the tools and skills to meet those expectations;
reward those who perform; coach non-performers; and
if they still don't perform, move them out.
At Realization we couldn't
agree more. We think so highly of the book that we
will even provide complementary copies of the book
to the first five people who send us an e-mail to
execution@realization.com.
The next article by Ajai
Kapoor, talks about the discipline of getting things
done on the frontline.
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