8 habits of execution
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The document discusses key aspects of effective execution including defining execution, prerequisites like knowing your business and having the right people, the cycle of execution involving planning, metrics, and reviews, and ensuring good execution even during difficult times. It notes that business knowledge is key to good execution and leaders must stay learning from their team. Reviews bridge plans and reality, and integrity and compliance are important for results.
8 habits of execution
- 1. B. Maran
- 2. • Execution is defined as “The ability to convert intentions and plan into successful action in a productive, profitable and repeatable manner”
- 3. • Prerequisites of Execution 1. Know your business 2. Have the right people on the bus 3. Spend time wisely • Cycle of execution 4. Plan for Execution 5. Keep your eyes on the right metrics 6. Conduct Effective reviews and follow through • Execution plus 7. Ensure good governance 8. Learn to execute even in times of crisis
- 5. • Business know-how is the foundation of good execution • The dilemma between business and domain knowledge • External vs. Internal Orientation • How business leaders should stay at the top of the learning curve • How business leaders can learn from the team
- 6. • Having the right people can make or mar execution • Assessing people for execution capability • Supporting people to succeed • Taking hard decisions when required
- 7. • Time is all that a leader has • Under delegation and over delegation trap • The travails of technology and modern day multi tasking • Basic work discipline- getting the best out of everyday
- 9. • Planning is where it all begins • The art of making an annual plan • Understanding the plans, strategies – action plan • Making plans that are realistic • Transparency in planning – bankable and stretch plans • Planning under difficult circumstances • Revisiting plans • Encouraging risk taking
- 10. • What you measure, you manage • The dilemma between outcomes and efforts • Having the MIS ( Management Information System) you need • Financial statements that business leaders should pay attention to
- 11. • Reviews are the bridge between dreams and reality • Deciding who should be involved in the reviews • Frequency of reviews • Understanding RACI • Content vs. process • Meeting’s discipline
- 13. • Ends cannot justify means • Learning to face the board • Securing the result, keeping the result in mind • Integrity in execution • Matters of compliance that Indian business leaders should know
- 14. • The going gets tough quite often • Leadership style in war time efforts • What matters most in times of crisis • Communication in times of crisis