Laura Stack makes an amazing claim in her book Execution IS the Strategy. She states that strategy must emerge out of execution, and she provides four premises for this approach.
- Interdependency – strategy and tactics are part of the same over-arching process, with an inherent relationship.
- Fluidity – strategy must be more flexible in its tactics now than in the past.
- Speed – strategy must be executed more quickly than ever before to be effective.
- Validity – strategy must still be appropriate and strong, or none of the first three premises matters.
Laura then provide the 4 keys to efficient strategic execution, which she calls the L-E-A-D Formula:
Leverage – do you have the right people in place to achieve your strategic priorities?
Environment – do you have the organizational atmosphere, practices, and culture that will allow employees to easily support your strategic priorities?
Alignment – do your team members’ daily activities move them toward the accomplishment of the organization’s ultimate goals?
Drive – are your organization’s leaders, teams, and employees agile enough to move quickly once the first three pieces of this list are in place?
To learn more about how execution and strategy interact, and how to apply the L-E-A-D formula to your organization, join us on May 30th for our Soundview Live webinar How Leaders Achieve Maximum Results in Minimum Time with Laura Stack. Bring your questions and fill the room with your team members.