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8 Habits of Execution
B. Maran
Execution
• Execution is defined as “The ability to convert
intentions and plan into successful action in a
productive, profitable and repeatable manner”
The 8 Habits of Execution• Prerequisites of Execution
1. Know your business2. Have the right people on the bus3. Spend time wisely
• Cycle of execution4. Plan for Execution5. Keep your eyes on the right metrics6. Conduct Effective reviews and follow through
• Execution plus7. Ensure good governance8. Learn to execute even in times of crisis
Prerequisites for Execution
Know your business
• Business know-how is the foundation of good
execution
• The dilemma between business and domain knowledge
• External vs. Internal Orientation
• How business leaders should stay at the top of the learning
curve
• How business leaders can learn from the team
Have the right people on the bus
• Having the right people can make or mar
execution
• Assessing people for execution capability
• Supporting people to succeed
• Taking hard decisions when required
Spend time wisely
• Time is all that a leader has
• Under delegation and over delegation trap
• The travails of technology and modern day multi tasking
• Basic work discipline- getting the best out of everyday
Cycle of Execution
Planning for execution
• Planning is where it all begins
• The art of making an annual plan
• Understanding the plans, strategies – action plan
• Making plans that are realistic
• Transparency in planning – bankable and stretch plans
• Planning under difficult circumstances
• Revisiting plans
• Encouraging risk taking
Keep your eyes on the right metrics
• What you measure, you manage
• The dilemma between outcomes and efforts
• Having the MIS ( Management Information System) you
need
• Financial statements that business leaders should pay
attention to
Conduct effective reviews and follow through
• Reviews are the bridge between dreams and reality
• Deciding who should be involved in the reviews
• Frequency of reviews
• Understanding RACI
• Content vs. process
• Meeting’s discipline
Execution Plus
Ensure good governance
• Ends cannot justify means
• Learning to face the board
• Securing the result, keeping the result in mind
• Integrity in execution
• Matters of compliance that Indian business leaders should
know
Learn to execute even in times of crisis
• The going gets tough quite often
• Leadership style in war time efforts
• What matters most in times of crisis
• Communication in times of crisis
Thank You
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