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Our final blog on Execution Decisions focuses on displaying and monitoring your metrics. In the Four Executions Disciplines of Execution by Chris McChesney, Sean Covey, Jim Huling, their Fourth Discipline is Dashboards. In Positioning Systems and Gazelles Coaching we include dashboards within the execution discipline of metrics.
Topics: Four Decisions, success criteria, Business Scorecards, Execution, Dashboards
How important is the Execution Decision in your business? Execution results in achieving higher gross profit margin which translates into higher earnings and net profit. Execution is all about efficiency and performance. It’s achieving better results with fewer people, better systems, communication and relationships. It means effectively translating priorities into metrics, meeting frequently to monitor progress and achieving successful outcomes.
Topics: themes, Four Decisions, Execution, growth tools, Individual Plan
Topics: Business Growth, Annual Plan, Execution, quarterly plan, eNPS
We continue sharing the Gazelles Growth Tools that Positioning Systems and Gazelles coaches provide for our customers on Execution, one of the Four Decisions your company needs to get right or risk leaving significant revenues, profits, and time on the table. A reminder that these four decisions are: People, Strategy, Execution, and Cash.
Topics: Customer Feedback, Net Promoter Score, Employee Feedback, Four Decisions, Execution, Critical Numbers
Execution is about turning your hard-earned revenue (top line income that remember comes from Strategy) into bottom line net profit. Companies that are strong on top line performance and yet struggle to make a reasonable or attractive bottom line profit typically have challenges with Execution – that is being both efficient and effective operationally. In this blog we will cover the principles and habits that John D. Rockefeller used to build an operationally excellent company and which Verne Harnish (Scaling Up and Mastering the Rockefeller Habits) has adapted for mid-market growth companies.
Topics: Discipline, Strategic Discipline, meeting rhythms, Four Decisions, priorities, metrics, meetings, Execution
The opportunity to discuss the nature of preparation and the importance it played in the recent Super Bowl preceded the plan to provide you with the remaining tools for People resources from Rockefeller Habits 4 Decisions. We’ll provide the remainder of these People tools in next Monday’s blog.
Topics: planning, Annual Plan, Built to Last, Jim Collins, Execution, preparation
Last Monday when I arrived at my customers business in Concord, CA I was able to observe their daily huddle. It was about ten minutes in length and included about 12 people. They went through the first two agenda items, priorities and metrics, but left out the “where are you stuck” portion of the meeting. It was precise and punctuated with meaningful metrics and priorities from each individual including two who reported from the phone: one who works remotely, another who was stuck in traffic.
Topics: meeting rhythms, Execution, daily huddle, where are you stuck
Topics: Decision-Making, employee performance, priorities, habits, The Power of Habit, Execution, routine, rockefeller habits 4-3-2-1 growth formula
Michael Cobb is a 16 year old playing basketball with his three buddies on a hot summer day. Upon finishing their games, the group decides to pool their money and buy some wine at a liquor store. Settling down in the shade they enjoy the breeze and cool down. Soon one of Michael’s friend’s is angry. Grady (Michael’s best friend) only had ten cents to provide for the wine. The other friend, who’s now agitated, provided 50 cents. He feels Grady is taking more than his fair share. A fight ensues. Michael and his other friend break it up. The friend who started the fight is still upset, and leaves. The three others continue to drink. They’re not alarmed by their friend’s departure. Maybe he just needs some time to cool down they think. But this friend is still upset. He returns, after locating his father’s gun at home. He points the gun at Grady and fires twice. Grady dies in Michael’s arms before an ambulance arrives.
Topics: Decision-Making, People, Execution, Sports World, Purpose, Passion
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Doug Wick, President
Positioning Systems
The Strategic Discipline Blog focuses on midsize business owners with a ravenous appetite to improve his or her leadership skills and business results.
Our 3 disciplines include:
- Priorities
- Metrics
- Meeting Rhythms
