The Simple Business Formula That Changes Everything
Any business can have a good year. The challenge is whether they can do it again.
While strategy design is vital to an organization’s growth, this article is less about what is in the strategy binder and more about what you do with it.
Dictionary.com identifies the word origin of executive to come from the middle 15th century, meaning performed or carried out – to execute. Thus, quite simply, the role of the executive is to execute – to ensure that it gets done.
The question that I think you might be wrestling with most – is how.
How can I drive my organization – with more confidence – to achieve the kind of results I desire? How can I close the gap that exists between what I say I’m going to do (in my strategy), and what actually gets done (in execution). Better yet – how can I make sure we start delivering in a repeatable, consistent and predictable fashion?
Year in and year out, statistics reveal that most organizations (up to 90%) fail to execute on their strategies. In fact, I am willing to wager that poor execution is at the root of most, if not all, of your headaches, anxieties, and sleepless nights as it relates to your current job performance, and even perhaps, your long-term career aspirations.
Over 17 years working with, training, coaching and leading organizations of all sizes, there is a simple, back-to-the-basics business formula I’ve relied on to evaluate under-performance in execution.
SAME PEOPLE + SAME PROCESS = SAME RESULTS
In more cases than not, organizations unhappy with their results eventually find themselves taking a hard look at their people and the processes they use to drive the business. Ultimately, what follows is change.
The goal is always the same.
Remove SAME from the equation.
Did you find this article thought-provoking or perhaps it struck a chord with a current challenge you’re experiencing? Would you like to go deeper? Join me next week – I plan to share a list of questions you can use to examine both the ‘people’ and ‘process’ aspects of how you execute your strategy.
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Founder Todd Garreston
With over 15 years of experience leading market share growth initiatives of top consumer brands in Fortune 500 and privately-held business environments, Todd Garretson advises and helps organizations identify new growth potential, craft strategy that moves people to action and enhance overall performance.
Having a passion for helping people and organizations to unlock dormant growth potential, Todd writes and speaks for audiences in three core areas: business growth strategy, leadership and personal / professional growth.
Residing in Atlanta, GA with his wife, Lauri, and their four children, weekends and free time are spent with family, coaching youth sports, and sharing his passion for fitness and nutrition.