Effective Execution

Project Management        

Despite the obvious importance of good planning and execution, relatively few management thinkers have focused on what kinds of processes and leadership are best for turning a strategy into results. This lack of expertise in execution can have serious consequences.

The gap between expectation and performance is a failure to execute the company’s strategy effectively. The biggest factor of all may be executive inattention. Plans are often simply agreed to and then forgotten.  Ignoring failure makes it much harder to identify execution bottlenecks and take corrective action.

To overcome these issues:

• Develop a model for execution
• Choose the right metrics
• Don’t forget the plan
• Get more real-time feedback
• Assess performance frequently.

Performance monitoring is still an annual affair at most companies. The performance monitoring cycle should be from quarter-by-quarter to month-by-month instead of keeping as an annual affair. The strategy only succeeds when it is integrated into operations.

Aiyan Thiruvalluvar says

முறைப்படச் சூழ்ந்தும் முடிவிலவே செய்வர் 

திறப்பாடு இலாஅ தவர். (640)

यद्यपि क्रम से सोच कर, शुरू करे सब कर्म ।
जिनमें दृढ़ क्षमता नहीं, करें अधूरा कर्म ॥ (६४०)

Explanation by Scholars: 

Those who are destitute of executive ability will fail to carry out their projects, although they may have contrived aright.

முறைப்படித் தீட்டப்படும் திட்டங்கள் கூடச் செயல்திறன் இல்லாதவர்களிடம் சிக்கினால் முழுமையாகாமல் முடங்கித்தான் கிடக்கும்.