Question
The lessons from "Execution: The Discipline of Getting Things Done" can be applied in today's business environment in several ways. Firstly, leaders must be hands-on and intensively involved with three core interlinked processes - the people process, the strategy process, and the operations process. This means that leaders should not only focus on strategy but also on its execution. Secondly, the book emphasizes the importance of a robust people process. This can be applied by ensuring that the right people are in the right roles and that they are motivated and rewarded appropriately. Lastly, the book's lessons on succession planning can be applied by having a plan in place to quickly replace critical personnel if they leave.
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In the mid-1990s, when GE was widely seen as the best producer of leadership talent, every senior leader was a retention risk. GE's people process swiftly moved to retain critical candidates. GE offered them long-term financial rewards like stock grants that they could not cash in until retirement. However, if a critical person left, GE's succession depth approach could replace them within 24 hours.
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