Tuesday, November 29, 2011

Culture beats strategy...All day long!

How Do You Weigh Strategy, Execution, and Culture in an Organization's Success? -Article from Harvard Business School by Jim Heskett

Strategy, execution, and culture: Do we have our priorities right? 


"An outstanding strategy weakly executed will always be trumped by a weak strategy with outstanding execution.


What if you had a plan to be president of the USA? You could have a perfect plan. A brilliant one! One, that if put on practice, it would give you a 100% chance of being the next president of the USA.

There is a catch. It's extremely hard to accomplish and you can't do it alone. Actually, you need the best people available, you all have to be believe you can do it and above all, you have to learn how to work together.

Other than that, the plan is perfect.

It's all about people. It's all about making ideas become reality.

Reality is made of people, doing small things, every day. It's not about abstract ideas that in the realm of imagination look good.

Is strategy good? Of course it is. It gives us a goal, direction, things to care about, helps us to work together.

But it's not everything. And actually, it's not even a must.

You can win without a strategy. You could be lucky. You could have other people who care about you and help you in your objectives. Your competitors could make the wrong choices.

There are an infinitude of variables that just makes every good strategy a good guess.

Strategy gives you an edge, but it's nothing without people (culture).

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