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- Herausgeber: Business Book Summaries
- Kategorie: Bildung
- Sprache: Englisch
The must-read summary of Laura Stack 's book: "Execution Is the Strategy: How Leaders Achieve Maximum Results in Minimum Time".
This complete summary of the ideas from Laura Stack’s book “Execution Is the Strategy” reveals the importance of good execution of ideas. According to Stack, execution is the most vital strategy for businesses today. Using the LEAD formula, leaders can make sure that all elements are in place for the successful execution of their strategies.
The LEAD formula:
L – Lead
E – Environment
A – Alignment
D - Drive
Added-value of this summary:
• Save time
• Effectively execute your ideas
• Find out how to use the LEAD formula to ensure that all elements are in place
To learn more, read “Execution Is the Strategy” and find out how to propel your organisation forward in today’s fast-paced business world!
Das E-Book können Sie in Legimi-Apps oder einer beliebigen App lesen, die das folgende Format unterstützen:
Seitenzahl: 34
Veröffentlichungsjahr: 2015
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Book PresentationExecution is the Strategy by Laura Stack
Summary of Execution is the Strategy (Laura Stack)
Book PresentationExecution is the Strategy by Laura Stack
Book Abstract
At one time, companies used to draw up 3-year and 5-year business plans with impunity. That approach simply won't fly in today's business world. Flexibility and agility rule – and business leaders have to trust their front-line employees will be able to choose a strategy that will work in the here and now.
The key to success today is not how many good ideas you have but how many you manage to execute. From a leader's perspective, there are four elements which must be in place for your organization to execute strategy effectively:
L-E-A-D
Leverage – you need to have people and systems in place which will allow you to execute your strategy effectively.Environment – you need a corporate culture and workplace which supports your strategic priorities.Alignment – your people's daily activities need to be contributing to the accomplishment of your goals rather than working against that.Drive – you need teams of engaged and motivated employees who are agile enough to seize new market opportunities.Execution has become the true strategy for most businesses today. It's not what you know or even what you have that counts any more. What you do is your business strategy.
“Strategic planning is so yesterday, but execution is always in style. Execution really is the strategy that will propel your organization forward in today's fast-paced business arena.”
- Laura Stack
About the Author
LAURA STACK is president and CEO of her own consulting firm, The Productivity Pro, Inc. She is an experienced keynote speaker focusing on productivity enhancement, executive effectiveness and employee performance. She is the author of six books about productivity including What to Do When There's Too Much to Do. Ms. Stack is also a past president of the National Speakers Association and has held spokesperson roles with companies like Day-Timer, Office Depot, Microsoft, 3M and Xerox. She is a graduate of the University of Colorado, Colorado Springs.
Important Note About This Ebook
This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.
Summary of Execution is the Strategy (Laura Stack)
Leverage
The first role you need to function in as a leader is to be an engineer and build your organization's capacity to execute. You do this by attracting great talent, by providing your people with opportunities to acquire better skills and by securing the resources they will need to perform at a high level of effectiveness.
“In the past, a leader was a boss. Today's leader must be a partner with their people. They can no longer lead solely based on positional power.”
- Ken Blanchard, motivational expert
If you visualize a lever, it will look something like this:
What you're trying to do as a leader is to make sure your people know what the mission is, have everything they need in the way of resources and then work with them to fine-tune so you get maximum bang for your buck. As a leader, you work for your team and not the other way around. You serve as a nucleus and a catalyst. In many ways, the job of the modern leader is to get out of people's way and let them succeed rather than barking out orders or attempting to micro manage everything that happens.
If you can maximize your input into the lever, it stands to reason you will also maximize the impact of the results which eventuate. One way to do that is to take a HANDS approach:
Handpick your people – bring together teams which have the right blend of skills and experience.
Assign duties carefully – make sure everyone understands what they are responsible to accomplish.
Nurture initiative and innovation – encourage everyone to find better ways to get things done.
Don't abdicate responsibility
