Derek Sivers writes, being protective about ideas has been historically felt. Ideas are worth nothing unless executed. They are just a multiplier. Execution is worth millions. Good ideas include some thinking about execution and delivery. In general moving from an interesting but vague idea, to specific and actionable is the difficult part of creation and invention.
Explanation:
On a scale of 1 to 20, an awful idea may score -1, good idea = 10, brilliant idea = 20
NO EXECUTION = $1
WEAK EXECUTION = $1000
SO-SO- EXECUTION = $10,000
GOOD EXECUTION = $100,000
GREAT EXECUTION = $1,000,000
BRILLIANT EXECUTION = $10,000,000
In business primarily to measure, we may need to multiply the two. The most brilliant idea, with no execution, is worth $20. The most brilliant idea takes great execution to be worth $20,000,000.That’s why we say execution is the key, excellent execution may make the difference between huge success and other grades of success. Thats what Ram Charan & Paul Allen are writing about.
Category : Execution & Ideas
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