Execution is Key

Over at Reflections of a BizDrivenLife is an entry about one of our favorite topics: execution.

Here's the main points:

He just came back from a meeting with one of their principals. They recently named a new director in charge of a specific business segment. The reviews for the last quarter were not only great, but nothing short of spectacular. This new director was able to almost double their business last quarter compared to same period last year. That, in an industry that at best estimates, grew by less than 20 percent.

BOTTOMLINE: Was there new strategy? No, there was not. The company basically used the same strategy that they have been using the same few years, but with simply more focus on execution. When you see great companies and not-so-great companies, more and more , you see the difference is in the execution. Ideas are a dime a dozen. If you have new initiatives being undertaken, and you are not getting the results you need, maybe it is not that the idea was no good. But maybe it was really a great idea, but just not executed well.