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