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BiPM ENCYCLOPEDIA →
Performance Management →
SECTION - Execution Management →
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CHAPTER - Execution Management - An Overview
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Before one gets into the details of execution management process, one needs to understand on what is execution management, its success drivers, its link with organization readiness and why Strategic Execution Management is an ignored subject.
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Execution Management is essentially translating your strategy into reality. It is not just accomplishing a task or a goal, but also to achieve the underlying business objectives. It has to enable a constant review and fine-tuning of your strategy. A good execution management will focus on WHAT as well as HOW of an achievement. Execution management is linked to culture and people management, but is not their parent.
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Strategic Execution Management is an ignored subject, and most of the organization either loose steam or focus by the time they have to start implementing the lofty documents like Strategy Blue-print and Strategic Business Plan. Execution is generally not considered 'Strategic'.
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A good strategic execution needs management alignment at detailed level, tools to generate dashboards and scorecards, discipline, change management of your execution process and a clear communication of strategy to all levels within an organization.
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The sophistication of execution management process and your approach for implementation will depend a lot on the level of readiness of an organization.
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All Chapters in "Execution Management." Section
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