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| 59.
Most Companies Are Good At Planning, Very Few Are Good At Executing To Plan
| Planning: The ability to identify where you are, where you want to be after 3, 4 or 5 years, and the actions you must take to get there.
Executing: Delivering all the actions defined in your planning, on time and on budget!
Most companies are indeed good at planning; however problems arise when it is time to execute their plans on time and on budget. To execute effectively all the people in the company must understand the plan and work together in a coordinated effort. (Very rare!) To achieve a coordinated effort, management must be highly competent. (Also, very rare) The act of managing (executing the plan on time and on budget) is truly one of the most complex activities required of humans and that is why so few companies consistently achieve their objectives on time and on budget.
Membership in the ranks of the "few" who are good at executing is never accidental! It requires following the rules of effective execution: 1) clarifying and quantifying expectations 2) employing systems and processes which assure plans are carried out on time and on budget 3) methods for relentless follow-up and 4) rewards tied to performance! |
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