Tag Archives: executing strategy

  • Creating the Discipline of Execution

    Posted on October 26, 2016 by FMI Corporation

    Intersection of Strategy, Execution, Success In their book “Execution, the Discipline of Getting Things Done,” authors Larry Bossidy and Ram Charan focus on a single element of successful companies that is so often overlooked: the ability to execute. And while some engineering and construction companies would say execution is their core strength, others would argue that many of them fail to do this well. To borrow from the book, execution is the main reason companies fall short on their promises. It is the gap between what a company’s leaders want to achieve and the ability of their organizations to deliver it. The superlative companies in our industry have linked together three key components—the people, strategy and operating plans—that provide the details of execution. Many company CEOs would like to “think strategically” and let other managers do the dirty work of executing the plans. More often than not, however, the best performing companies are those where the CEO takes a passionate role in execution. To achieve the latter, here are the seven behaviors that matter as you learn to lead others to create a culture of execution:

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    This post was posted in Consulting, Center for Strategic Leadership and was tagged with executing strategy, FMI's Mergers & Acquisitions Advisor 2014 Q1, construction, NRCI 2014 Q2, business execution, execution in construction, execution in engineering, execution business

  • 5 Reasons Why Strategy Fails

    Posted on January 28, 2016 by FMI Corporation

    Strategy_iStock_000068923527_SmallBusiness strategy is a key determiner of how you will invest the limited amount of time, talent and treasure available to align your company with market opportunities. There are countless books and articles written on the topic of “strategy,” and a simple “business strategy” search of Amazon’s book offerings yields a staggering array of results. With all of these resources and clever ways to learn about strategy, why do so many firms in the construction industry struggle with this concept? The problem is that few books or other resources specifically address the complexities of the construction market – a high-risk venture where risk is concentrated in specific markets and occurs over tight timeframes.

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    This post was posted in Center for Strategic Leadership and was tagged with Strategy, FMI Corporation, construction industry future, strategic thinking, construction profitability, FMI's Mergers & Acquisitions Advisor 2014 Q1, NRCI 2014 Q2, construction strategy

  • Creating the Discipline of Execution

    Posted on February 28, 2014 by FMI Corporation

    Creating the Discipline of Execution By Lee Smither SmitherL_web   In 2002, Larry Bossidy and Ram Charan coauthored a book titled “Execution, the Discipline of Getting Things Done,” which focused on the single element of successful companies that is so often overlooked: the ability to execute. Execution is not just about efficiency and effectiveness: It is more comprehensive than that, and encompasses these three points:
    • Execution is a discipline and integral to strategy
    • Execution is the major responsibility of senior management
    • Execution must be a core element of a company’s culture
    Creating a culture of execution is imperative to long-term success and it is the foremost job of senior management. It cannot be delegated to project managers, department heads or other staff who do not have the authority to act and/or the internal clout to create change. Only the CEO and other senior people can set the tone and dialogue in the company.

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    This post was posted in Consulting and was tagged with Strategy, FMI Corporation, leadership in A/E/C industry, executing strategy, FMI's Mergers & Acquisitions Advisor 2014 Q1

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