The Fast Beating the Slow: The Need for Speed in Modern Business

The Fast Beating the Slow: The Need for Speed in Modern Business by Laura Stack

"If you don't have a goal, you will score zero even if you run with the fastest speed." -- Israelmore Ayivor, African author and blogger. According to some futurists, there may come a time when technology evolves so rapidly we won't be able to keep up with it. At that point, the future will become completely unpredictable. They call this the Singularity—and some believe it's just around the corner. In the business world, change already moves at a breakneck pace. No longer do three- to five-year strategic plans suffice. As I've pointed out in my latest book, Execution IS the Strategy, static plans go stale within months. Indeed, some companies are reviewing strategy quarterly or even monthly. Front-line employees must have the permission and the flexibility to work with any tactics a … [Read more...]

Five Reasons Why Execution Needs to Happen More Quickly Now Than Ever Before

Five Reasons Why Execution Needs to Happen More Quickly Now Than Ever Before by Laura Stack #productivity #strategy

Back in the golden age of American business—before the dot-com meltdown, the Great Recession, and the banking crisis—most business leaders considered strategy and execution two different (if related) factors in the business equation. Strategy was something arrived at gradually at high-level meetings that took days, typically defined in 3-to-5 year chunks. At best, execution represented the downstream outcome of the leadership strategy, which was to be implemented by the management team. We all know better now, having realized the hard way that strategy and execution are actually aspects of the same business continuum. In its most simplistic sense, execution is the process of moving from A to B, or from a stated strategic initiative to a tactic. Efficient execution, then, is the shortest … [Read more...]