The Breakdown Among Vision, Strategy, and Execution
Many years ago, while in banking, I realized something very important. Success typically comes from proper execution of a tailored strategy to achieve an agreed-on and viable vision. Most of what is done in any organization is based on this. If you look at anything you do, you should be able to tie it directly back to a vision. This could be a vision internally implemented, such as the enablement of your sales and CS teams to create great customer experiences. And this could be externally influenced, like governmental regulation to prevent fraud and discrimination. So what are vision, strategy, and execution, and why are they so important to success? The vision is your dream. It is your desired state. It’s where you want to be and what you want to do. Strategy is your plan. It is the map that leads you from where you are to what you want to be. It is also packing the necessary tools and equipment to make the journey. Execution is what gets you there. It is where you use the...