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We will use three terms interchangeably–action, implementation, and execution–to denote what we do to convert our business and corporate strategies into actions that get results.
We know that managers spend most of their time taking action. That is because the tasks associated with implementation are complex processes that require nearly constant monitoring and adjustment. There is a very good reason that we separate implementation processes from the decisions we make to create a strategy. That reason is discussed in this video.
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