“…any seasoned strategist knows that strategy is not just sloganeering. It is the series of choices you make on where to play and how to win to maximize long-term value. Execution is producing results in the context of those choices. Therefore, you cannot have good execution without having good strategy.”
The preceding quote is from the latest “DFS Learning e-Blast” article, “Strategy or Execution: Which is More Important?” by Ken Favaro, with Evan Hirsh and Kasturi Rangan.
In this June 1, 2012 article in Strategy+Business online magazine, the authors argue that both good strategy and good execution are required for sustainable success.
More from the article:
“You need a good strategy to have good execution. Yes, having a good strategy alone isn’t enough to win, but your ability to execute well depends on how good your strategy is and how well it’s understood by everyone who makes major decisions for your business.”
Read the short article to learn more!
Mike Osorio, your Dare to be Contagious™ strategist
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