Larry Bossidy, the legendary CEO of Honeywell International, Inc., joins forces with consultant and prolific author Ram Charan to explain how getting things done — not strategy, innovation or anything else — is the most important function of a business leader. In this executive book summary, the authors examine in detail the three key processes of execution — people, strategy and operations — and show how all three are linked.
In this summary of Execution, you will learn:
- Why Execution Is Necessary - leaders simply are not taught the discipline of execution; more time and scholarship are given to strategic thinking and management techniques. Neither mean much to a company, however, if its leader cannot take an idea and make it reality.
- Seven Essential Behaviors - from following through on commitments to rewarding those employees who produce results, if you are serious about execution and leadership, you must exhibit these key behaviors.
- Creating the Framework for Cultural Change - the culture of an organization is the sum of its shared values, beliefs and norms of behavior. Leaders who want to foster an execution-supporting culture must focus on changing the beliefs within their company that influence specific behaviors, since behaviors are what ultimately deliver results.
- The Three Core Processes of Execution - many organizations treat their people, strategy and operations processes as separate, independent entities, when in fact they are interrelated ? and must be treated as such in order to ingrain the discipline of execution into the corporation.