Search results
Aug 22, 2019 · 2. Realize that leaders are more than "idea people." Somewhere along the line, being a leader and an "idea person" became synonymous terms. You've read the stories of Silicon Valley startups that ...
- Aviva Leebow Wolmer
- Pacesetter
- CEO of Pacesetter
Nov 7, 2017 · When leaders “execute a strategy,” they usually mean the former — putting an idea into action. But those efforts all too often end up meaning the latter. Execution is often where strategies ...
People also ask
Why is execution important?
Why is execution more important than strategy?
Is execution a strategy?
What is the difference between innovation and execution?
- Why Execution Matters?
- What Are The Threats in Executing An Idea?
- Conclusion
Execution is what waters the seed and root of an idea.
Just like a seed needs water, sunshine and TLC for it to thrive, an idea needs action for it to flourish. Without execution, an idea, however great it is, is simply a concept, a notion, a thought. The idea can passively grow, but without the aggressive push to make it happen, then you’re simply hoarding the thought.
Execution tests the idea.
There is a big difference between having the right plan (idea) and doing the plan right. This is what makes the implementation of the plan critical and necessary. When it comes to business, the execution of a plan is hardly ever error-free. There will be gaping holes here and there that will test the value and the foundation of the idea. And you can only accurately navigate this trial-and-error phase if you actually do the work.
Execution is the foundation of a great business.
You can only launch a startup if you continuously bring your business plan to life. Just like with a small idea blooming into multiple, big concepts, the implementation of the plan requires small steps that lead to giant, important ones. It’s basically a domino effect. When you start working on the first strategy that comes from the idea, you’ll eventually deal with more and more work that will push your business to shine.
Execution of an idea can be extremely challenging.
As the old adage goes, “it’s easier said than done.” Many great ideas haven’t even been unleashed from their boxes because it requires a special to translate an idea into something tangible and true.If you can’t execute a plan correctly, it can easily shatter your resolve or bring you disappointment.
Executions require a great deal of work.
When it comes to implementation of the plan, especially if the business is just starting to take off, it’s all about work, work, and then some more. Hard workis already in place way before you can present the finished product of an idea. It requires a lot of processes and stages that require constant work. If you easily get overwhelmed, this constant work can put you a step back, instead of moving forward.
Execution requires financial support.
You can creatively formulate and refine an idea sitting down with just a pad and paper (or your laptop). And the process is typically free of cost. However, when you start to implement the plan, you must at least have a budget to work with. Your business finances kick off the moment you start executing your idea. This can be a drawback if you don’t have enough funds to foot the bills.
So which is more important to achieve a successful business: idea or execution? I say, both. If you examine the two, you will realize that they’re inseparable because they are cause-and-effect. The idea is formulated (cause), thus the execution of the plan is happening (effect). If one is missing, then the other is practically useless. It’s importa...
The idea that execution is distinct from strategy has become firmly ensconced in management thinking over the past decade. So much so, in fact, that if you run a Google search for “A mediocre ...
A good idea is a good idea, but it is only when this idea is executed that it will be considered a success. People can learn both through the purely theoretical creation and perfection of ideas and through experimenting with the execution of ideas. Ideas offer the chance for more innovation and creativity. Execution is the key to practical success.
Sep 15, 2019 · Execution is what you need to do to be successful. Idea is “just” a basis. This is something super important. If you want to create a company, finding a good idea is just 0,1% of the job. The ...
Aug 16, 2019 · The most important ones are: It is misleading in its suggestion that good execution can make up for bad strategy. Execution is important, but it matters a great deal what is executed. Therefore ...
