How Successful Leaders Lead the Path of Creating Strategies to Thorough Execution?
Going by the words of Oscar Wilde, everyone in this world is in the gutter, but it is only a few who dare to look up at the stars. And it is only possible by having the right nature of strategy and executing them. Being the entrepreneurial leader, one would operate deep in the weeds; manage the countless day to day tasks of the companies and transactions. At the same, he would even like to keep a steady gaze on the long term goals of the companies and how the company can stand out from the rest of the competitors in the market.
Those who have been in corporate leadership like Steve Silvers Empires Today have always agreed that there’s a close link between strategy and its successful execution. One’s strategy is his or her promise to deliver value, the things that the company does to serve the customers, both in the present days and even in the future, who probably no other company could do. The execution occurred amidst the thousands of decisions made each day by thousands of people at each and every level of the company.
The quality of the service, innovation within, profitability and even growth- all these factors depend completely on having strategies and even execution fit together in one thread. If both these factors do not fit, if the corporate leaders cannot make them place in one single line coherently, the company is at stake of being operated at cross purposes, and there might be chances of losing focus as well. In some of the recent studies that have been carried out at an international level, more than 700 business executives were asked to rate their top company leaders in terms of their skill used in creating strategies and the level of expertise in executing them. Quite alarmingly, only 8 percent of the entire strata of corporate leaders were credited to being effective in both the fields.
In some of the market studies that have been carried forth, it has come up that companies which have been successful and have been competing with each other time after time, work with exceptional coherence. Those who have been leading their workforce put forth a value proposition which gives a win-win situation for the companies, and it is being completely backed by distinctive capabilities and applies this perfect combination in anything and everything they do.
Any company is free to follow the path that these companies have been doing for years together. And this is exactly the path that the prospective successful companies have been following. According to Steve Silvers Empires Today , those who want to join them in line need to cultivate the ability to translate their strategies into the workforce every single day. Linking the strategies and execution together with the help of distinctive and complex capabilities in order to set the company apart will help in enhancing the service and henceforth, the portfolio of the company.
The sooner it is being done, the better it is for the leaders to put some marks in the path of their achievement.