Episode 40 Execution – Why we struggle to get it right with Jeremy Gray
- S7E40
- 12:59
- December 16th 2021
I have not failed. I've just found 10,000 ways that won't work Thomas A. Edison
We know that most initiatives fail, and that failure is commonly a failure of execution. The steps needed to execute are well known, yet companies, individuals, charitable institutions, governments often fail at the execution stage. Why should that be? Some ideas: We fail to face up the subject of prioritization. Prioritization leads to winners and losers Leaders tend to avoid these discussions Clear decision-making responsibility is not spelled out and is not appropriately delegated. Information does not flow freely throughout an organization and particularly to the top. Good execution requires a systematic way of exposing reality and act upon it. Most companies do not face up to reality well. There is no culture of execution. Presentations are too long Meetings focus on successes not examining failures There is a reluctance to challenge others conclusions and statements Goals are vague and timelines flexible There is a lack of accountability Managers fail to create the right atmosphere. Insufficient resources are allocated to a project. In an article in Sloan Management review published in 2017 that surveyed 300 organizations – only 10% of respondents felt that all their company’s initiatives had the funds, people and management support needed to achieve success. Why should capable managers launch initiatives without providing the resources needed? This must go beyond just a failure to face up to the need to fund projects correctly. An article published this month in HBR may provide an insight. Researchers surveyed 4 Fortune 500 companies and found: On average managers either did not know or remember 60% of the work their teams did One manager could only recall 4% of his teams’ activities Managers were shocked when they learned of the gaps in their knowledge This underestimates an employee’s productivity and how busy they are. And therefore, their capability to take on more.
Tags: How to start a business, inflation, supply chain, procurement, cost control, contract negotiations, achieve start up success The successful entrepreneur; business common mistakes; small business startup; avoid these common mistakes of business; mistakes in business; IBGR.network; Jeremy Gray; Practical Solutions to Difficult Problems
I am committed to helping entrepreneurs succeed. I can bring the experience of 30+ years of experience at the C-Suite level in an MNC from Europe, North America, and Asia. Combine this with seven years of helping a diverse range of businesses and I can provide you with practical solutions to any difficult problems you may be facing.
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Practical Solutions to Difficult Problems with Jeremy Gray
After over 30 years in the MNC corporate world at the C-suite or General Manager level I am now focused on helping Entrepreneurs and SME's succeed. Using the lessons learned from working in Europe, North America and Asia while as an MNC executive along with 7 years supporting smaller businesses I bring this knowledge to my listeners. The topics will change but the message will remain the same, how to profitably grow your business.
Jeremy joined the IBGR.Network to build his next career focusing on developing strategies that accelerate revenue, profit, and long term growth. The size or age of your business doesn't matter, only the size of your dreams. He can help you get there with:
- Mergers and Acquisition Support - building your company to sell? Looking to grow from buying your competitors?
- Business Turnarounds - your dream is failing and you don't know where to start?
- FP&A, Budgeting and Cash Flow - profitability is driven by the ability to manage cash flow!
- Staff Development - are you the only competent person around and success is possible if surrounded by equals?
- Strategic Planning - how to plan a future that is achievable and achieve it!
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"In business set backs are inevitable – defeat is not. If you have a difficult problem let me help you to find a practical solution"
Jeremy has over 35 years of experience in senior Finance roles and General Management based in Europe, USA and most recently Asia. He is an experienced CFO who has helmed troubled operations in the USA, China, Japan and, turning their poor performance into profitable businesses.
He has also led M&A projects across the globe including an acquisition in China, that was a first for his MNC employer at the time.
Jeremy enjoys sharing his wealth of experience and knowledge with others, having participated in CFO Innovation Conferences in Singapore, Hong Kong, Shanghai and Bangkok. It has become a passion for him to use the expertise he has honed over the years to support SME owners with revenue and profit enhancement programs while imparting strategic development skills to help grow their businesses.
Jeremy broadcasts LIVE from Singapore