A couple of years ago, during a strategic review process at SunTrust, our analysis of the banking financial services industry revealed something very interesting: Strategy alone did not differentiate high- from low-performing firms.
The true differentiator between winners and losers turned out to be how well the strategy was executed.
The data on this were fairly compelling, and it turns out the trend extends beyond banking. A Conference Board CEO Survey identified execution capability as the critical challenge facing today’s business leaders. No one seems to disagree on the importance of execution, but a study by Bain & . . .