In the late 1970s and early 1980s, he led GE Capital Corporation, creating a world-class financial service organization. Execution is a systematic process of rigorously discussing hows and whats, tenaciously following through, and ensuring accountability. They need to know you. Increasing shareholder value is an outcome, not a goal. Insist on realism. Linked together as these behaviors are, rewarding the doers must be based on the correct metrics. 18 Larry Bossidy Quotes on Execution: The Discipline of Getting Things Done - Quotes.pub. Dialogue alters the psychology of a group. In its most fundamental sense, execution is a systematic way of exposing reality and acting on it. Larry Bossidy quotes,Larry, Bossidy, author, authors, writer, writers, people, famous people Follow through. In the past a company might make one or perhaps two profound changes in its operations each year.”, “KNOW YOUR PEOPLE AND KNOW YOUR BUSINESS. https://brandongaille.com/32-breathtaking-larry-bossidy-quotes Consequently the people striving to meet those goals should be compensated on a long-term basis, with some portion of that long- term compensation based on achieving critical milestones toward the goal. This is how you acquire both the knowledge and the authority to run the business as an integrated, reality-based whole. This is particularly true of boards of directors, many of which made egregiously bad calls in rewarding poor performance by the CEOs of their companies. Why? In Execution we stress the need for domain knowledge, the kind of granular understanding of how the business makes money that goes beyond profit and loss statements.”, “But knowing your people is not enough. oxilMDVa0DV1 "Execution is the ability to mesh strategy wit re ity, align people with goals, and achieve t e promised res Larry Bossidy It goes without saying that you need to do precise, accurate, and candid appraisals, but be sure you are looking for the qualities that matter amid the current turmoil: energy, courage, honesty, integrity, and perseverance. Larry A. Bossidy is a businessperson who has been the head of 7 different companies and is Chairman of K&F Industries, Inc. Mr. Bossidy is also Senior Advisor at RRE Advisors LLC and Financial Advisor at CapGen Financial Group LP. I'm just going to keep going and goind and going until I can't go anymore. Know yourself.”, “You must be in charge from the start of each cycle, to the reviews, and to the follow-up steps you take to make sure the things that are supposed to happen do, in fact, happen. Execution is not just tactics—it is a discipline and a system. Similarly, in an organization the hardware (strategy and structure) is inert without the software (beliefs and behaviors).”, “The behavior of a business’s leaders is, ultimately, the behavior of the organization. Every day we present the best quotes! In part that means, as noted earlier, knowing your people and listening to their concerns.”, “Execution has to be a part of a company’s strategy and its goals. It ensures that you have established … The failure to establish this closure leaves the people who execute a decision or strategy without a clear picture of their role. Only a leader can ask… Born: 1935-03-05 Profession: Businessman Nation: American Biography of Larry Bossidy See the gallery for quotes by Larry Bossidy. “Strategy is a pattern in a stream of decisions” —Henry Mintzberg Strategy Quote #2.. “The essence of strategy is choosing what not to do.” —Michael Porter Strategy Quote #3. Execution Sayings and Quotes. Quotes Larry Bossidy. As such, it’s the foundation of the culture.”, “We don’t think ourselves into a new way of acting, we act ourselves into a new way of thinking.”, “Competition for the best leaders will be intense. Larry Bossidy is breaking stopwatches -- and performance records. Simply put, a doer is a person who gets things done. But their failure to understand and practice execution negates the value of almost all they learn and preach. Remember that people are constantly searching for indications about their leader’s ability to carry them through a raging storm and they will interpret or misinterpret the slightest signals, whether those signals are sent intentionally or mistakenly. His people standards are not high enough, and he isn’t demanding. 1 2 Larry Bossidy. We haven’t seen the ability to pull through results. Some goals are legitimately short-term goals that yield short-term results and are properly compensated on a short-term basis. There’s not enough differentiation in bonus, or in stock options, or in stock grants. Larry Bossidy, former Honeywell chairman and CEO, calls in to 'Power Lunch' to discuss the life of former GE CEO Jack Welch following his passing. You must also begin now to cultivate the leaders of the future, testing and evaluating people for their ability to execute in the face of new challenges and circumstances. Execution is the ability to mesh strategy with reality, align people with goals, and achieve the promised results. The first part; Why Execution is Needed will cover the concept of execution as a discipline and how execution must be at the core of a companies culture. Self-awareness gives you the capacity to learn from your mistakes as well as your successes. Lawrence Bossidy Quote: “Self-awareness gives you the capacity to learn from your mistakes as well as your successes. I’ll try to maintain a theme in a given week’s quotes, but if something in particular strikes me that week, it will probably go in anyway! ALLIED-SIGNAL'S TURNAROUND BLITZ If you think it takes a long time to transform a company, think again. The people in the organization then have to execute and that means setting priorities and benchmarks.”, “FOLLOW-THROUGH. And the leader of the organization must be deeply engaged in it. Below you will find our collection of inspirational, wise, and humorous old execution quotes, execution sayings, and execution proverbs, collected over the years from a variety of sources. Even though promotions may be few and far between in this toxic environment, you can still find ways to stretch and test your people. INSIST”, “While understanding reality is crucial, equally important is communicating it to your people. “But if you have to choose between someone with a staggering IQ and an elite education who’s gliding along, and someone with a lower IQ but who is absolutely determined to succeed, you’ll always do better with the second person.”, “The foundation of changing behavior is linking rewards to performance and making the linkages transparent.”, “The hardware of a computer is useless without the right software. Execution is the major job of the business leader. This idea is completely wrong. There is a mistake in the text of this quote. It is the missing link between aspirations and results. Complexity has nothing to do with intelligence, simplicity does. Expand people’s capabilities. Larry Bossidy. Bossidy later worked for Welch when Welch became CEO at General Electric. You have to make it clear to everybody that rewards and respect are based on performance. He doesn’t show the passion for the role we need.”, Execution: The Discipline of Getting Things Done. A good leader ensures that the organization makes these distinctions and that they become a way of life, down throughout the organization. Not only do you need expertise from both within and outside the company to shore up your blind spots and weaknesses, but also a pipeline to people willing and able to bring you diverse views and bad news. Get everything else right and shareholder value will take care of itself. It can't be reduced to a page.' “We don’t like their sound, and guitar music is on the way out” —Decca Recording Co. rejecting the Beatles 1962 Improve yourself, find your inspiration, share with friends. relatably.com helpful non helpful" However beautiful the strategy, you should occasionally look at the results" — Sir Winston Churchill If you set the right strategy with the right goals and execute well to implement the strategy and achieve the goals—growth in earnings per share, good cash flow, improved market share, for example—then shareholder value is the result. That's not a complex strategy. It enables you to keep growing. I will post, on Fridays, selected leadership quotes. It enables you to keep grow...” (7 wallpapers) - Quotefancy “ Self-awareness gives you the capacity to learn from your mistakes as well as your successes. ... Stock Quotes… During his first three years at Allied Signal, he personally interviewed many of the 300 plus MBA’s hired because they were the source for future leaders. Larry Bossidy quotes Showing 1-30 of 40 “But if you have to choose between someone with a staggering IQ and an elite education who’s gliding along, and someone with a lower IQ but who is absolutely determined to succeed, you’ll always do better with the second person.” ― Larry Bossidy, Execution: The Discipline of Getting Things Done People would agree on a project or initiative, and then nothing would come of it. Choosing the wrong goals can be disastrous. It makes life uncomfortable. They’re like the parents in Garrison Keillor’s fictional Lake Wobegon, all of whom think their children are above average. Goodreads helps you follow your favorite authors. But the directors and CEOs who set shareholder value as a goal missed an essential point.
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