Operational execution represents the day-to-day realization of the organization’s business strategy; the physical manifestation of leadership’s decisions regarding what the organization will do and how those activities will be performed. To achieve real success, however, these activities must be implemented efficiently and effectively.
Efficient, effective execution minimizes operational costs thereby enhancing bottom line results. Efficient execution occurs when activities performed use the least amount of financial, personnel, material, equipment, and time resources possible. Effective execution occurs when the activities performed most directly support achievement of the organization’s goals and those activities not directly supporting goal achievement are minimized and, when possible, eliminated.
Based on materials developed by StrategyDriven’s business strategy execution consulting group, the Execution forums are dedicated to discussing the principles of effective and efficient day-to-day implementation of the business’s strategy within the following topical areas:
- Tactical Execution
- Portfolio Management
- Program Management
- Process Management
- Project Management
- Human Performance Management
- Procedure Development
- Budget Development
- Business Operations Management
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