Penny wise Pound foolish

This is a very old saying and everyone knows about it but still some organisations doesn't pay attention to this. There are various cost saving initiatives followed by an organisation and each of the initiative should be vetted by a senior management team before implementing the same.  Decentralizing this decision making will force the employees to look for short term gains and will cost a lot for the organisation. Check who is in charge of cost saving initiatives and put some control measures to really save the cost.

Blame it on Execution!

Most of the management team believes that they have a perfect strategy but a poor execution and they blame it on their team..

Possibly true, But if their execution is bad what should be their strategy? What is the role of management team in execution?

First on strategy, its a continuous process and should take shape according to the response from time to time.. A good strategy focusses on what is right, what is possible for the organisation and adjusts itself to their executional capabilities..

A good execution is based on the team belief in the strategy, their engagement level and their capability. The management team has a major role to play in all this..

So next time you wanna blame it on execution, think twice..