“Eighty-percent of entrepreneurs fail at the execution part of the strategy.”

Every year millions of entrepreneurs come up with great ideas. And every year they spend countless hours creating and re-creating detailed business and strategic plans. Often most of this effort goes to waste as entrepreneurs fail to follow through on their own well-thought-out plans. “A lot of organizations put great strategies together but they don’t follow through,” … Continue reading “Eighty-percent of entrepreneurs fail at the execution part of the strategy.”

4 Steps to Successful Execution of a Strategy

Every year millions of entrepreneurs come up with great ideas. And every year they spend countless hours creating and re-creating detailed business and strategic plans. Often most of this effort goes to waste as entrepreneurs fail to follow through on their own well-thought-out plans. Read more...

Vision Without Execution Is Just Hallucination

The title of this blog post is actually the favorite saying of serial entrepreneur, Steve Adams (thanks, Steve), and one of his heroes, Thomas Edison . A great vision is the table stakes for building a valuable business.  A great vision: Is clear, concise, and understandable to a broad constituency Is inspiring and motivational to those that … Continue reading Vision Without Execution Is Just Hallucination

Good Strategy Execution Requires Balancing 4 Tensions

Putting strategy into practice is notoriously difficult. In our experience, the primary obstacle to strategy execution is a failure to balance the inherent tensions that characterize any major execution effort. Successful strategy execution calls for skillful orchestration of sometimes opposing forces and competing needs. In particular, there are four core tensions that leaders need to … Continue reading Good Strategy Execution Requires Balancing 4 Tensions