Month: June 2021

The 4 Disciplines of Execution are precise rules for translating strategy into action at all levels of an organization. When applied, the 4 Disciplines produce extraordinary results by tapping the desire to win that exists in every individual.

Here’s a brief summary:

1. Discipline 1 – The discipline of focus. Extraordinary results can only be achieved when you are clear about what matters most. As simple as this principle may sound, few leaders ever master it. 4DX teaches why focus is so critical and how to overcome your biggest source of resistance.
2. Discipline 2 – The discipline of leverage. With unlimited time and resources, you could accomplish anything. Unfortunately, your challenge is usually the opposite: accomplish more with less. 4DX shows leaders where they can find real leverage and how to use it to produce extraordinary results.
3. Discipline 3 – The discipline of engagement. You have the authority to make things happen, but you want more than that – you want the performance that only passion and engagement can produce. 4DX enables leaders to rise from authority-driven compliance to passion-driven commitment in themselves and the people they lead.
4. Discipline 4 – The discipline of accountability. No matter how brilliant your plan or how important your goal, nothing will happen until you follow through with consistent action. 4DX brings the practices that drive accountability and follow through, despite a whirlwind of competing priorities.

Ultimately, Discipline 4 is the most crucial, since it’s the discipline where the actual “game” is played. But remember, Discipline 4 can only happen because Disciplines 1 through 3 set up a winnable game.

So many entrepreneurs focus on the idea but don’t end up executing. Why do you think this happens?

There are two fundamental reasons that execution is so difficult. The first is that it requires people to change their behavior. Simply put, if you want to achieve goals you’ve never achieved before, you have to do things you’ve never done before. Changing human behavior is never easy, but it’s even harder because of the second challenge: implementing these changes in an environment that’s already swirling with urgent priorities – what we call the Whirlwind. Together, these challenges can derail even the best leaders from achieving their goals.

Competitive advantage in business world means more market share compared to rivals. It refers to capacity of a business to produce quality product/service than a competitor. A business can also have competitive advantage if it can produce same generic product like competitor at lower cost. The former is called differentiation strategy, while the latter is cost leadership strategy.

Competitive advantage is very key for business success, whether small, medium or large. It is also important to note that this capacity is possible to acquire. So a business can strategically position itself from lack of competitive advantage to an advantage point.

It is one of the key responsibilities of a business leader to identify, create, deepen and sustain competitive advantage in their businesses. The process requires conscious deliberate and aggressive action to deliver competitive advantage. Many businesses do not have these capacity in house.

Small, Medium and big enterprises may not possess this capacity and is advisable to outsource. One sure route to prosperity by any enterprise, small or big is to identify and manage its competitive advantage.

Hartford Strategic Limited offers the support to businesses intending to take this valuable route to success. We are glad to help and can be reached on our contacts herein.