Creating an Execution Culture–
A Leader’s Most Important Job

© 2004 Patsi Krakoff, Psy. D., CBC
AS04-33

“Execution is the great unaddressed issue in the business world today. Its absence is the single biggest obstacle to success and the cause of most of the disappointments that are mistakenly attributed to other causes.” ― Ram Charan, author of What the CEO Wants You to Know and Boards that Work.

In the year 2000 alone, forty CEOs of the top 200 companies on Fortune’s 500 list were removed – fired or made to resign. When 20 percent of the most powerful business leaders lose their jobs, something is clearly wrong.

Leaders make big promises… and then there are big gaps in what their organizations actually deliver. They have problems with accountability– people aren’t doing what they’re supposed to do.

Execution is something nobody has explained satisfactorily. Execution is not just tactic—it is a discipline and a system. It has to be built into a company’s strategy, its goals, and its culture. And the leader of the organization must be deeply engaged in it.

“Many people regard execution as detail work that’s beneath the dignity of a business leader. That’s wrong … it’s a leader’s most important job.” ― Larry Bossidy, former chairman and CEO, Honeywell International

According to Ram Charan and Larry Bossidy in their book Execution (2002), a lack of focus on the discipline of execution is the main reason companies fall short on their promises. It explains the gap between what leaders want and what they deliver.


The full 2,000-word article discusses these concepts:

Execution Questions
3 Core Processes: People, Strategy & Operations
Robust Dialogue
Emotional Fortitude
4 Core Qualities
Execution Is the Main Job
The Leader’s 7 Essential Behaviors
3 Keys to Effective Execution
Resources


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