To quell the constant and popular argument in the business world, on what constitutes more importance and what precedes the other, is it strategy or execution? … here’s a quote from a business leader all the way from Taiwan, Morris Chang, CEO of Taiwan Semiconductor Manufacturing Company (TSMC) (and yes… like you, I’ve never heard of him, but I value his thoughts).
The perfect antidote for the two camps who think one or the other is important. The truth is: BOTH STRATEGY & EXECUTION ARE INTERLINKED and INSEPARABLE!
It’s simple, really… the way I see it, anyone can dream up or imagine an strategy that on paper looks like a great game plan… but without execution, if you’re just sitting on it and no one takes any action, than that strategy is just a unexecuted plan!