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Smaller businesses or startups can adapt these strategies by focusing on hiring doers who can energize others and make quick decisions. They can also prioritize delegation and follow-through. It's important for leaders in these smaller organizations to understand their markets, customers, and resources, and to own the strategy process. They can use the operations process to design new programs and tie performance to incentives. Even though resources might be limited, these core processes can still form the foundation of their competitive advantage.
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In , authors Ram Charan and former Honeywell CEO Larry Bossidy share leadership strategies about how to hire doers that energize others, make decisions quickly, get things done through delegation and follow through. Business leaders who understand the reality of markets, customers and resources must own the strategy process and use the operations process to design new programs and tie performance to incentives. These three core processes are the foundation of competitive advantage.
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How do you translate strategy into results? Execution is both an organizational culture and a specific set of behaviors. Leaders must be hands-on and...
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