Monday, October 16, 2006

Execution - The Missing Ingredient In Corporate America?

My friend, Bob Glazer, has a new Blog for his consulting practice: Acceleration Partners.

In today's posting, Bob reacts to a recent ludicrous quotation by the CEO of Sprint.

“Mr. Foresee concedes that Sprint has stumbled in the short term, though he says it’s well positioned for long-term growth. “We’ve got one more box left to check and that’s to execute,” he said in a recent interview.

The quotation stikes me - and Bob - as symptomatic of much that is wrong with business today. The mindset of Mr. Foresee (what an ironic name for someone so blind!) points to the lack of foresight and understanding on the part of much of the telecom industry in particular, and corporate America in general, of the importance of execution.

Later this week, I will review a fascinating book that makes the same point from the vantage point of a jaded Wall Street analyst who cover the telecom industry for over 20 years. Look for a posting in a few days reviewing "Confessions of a Wall Street Analyst" by Dan Reingold.

Bookmark or RSS Bob Glazer's Blog. He has a lot to say.


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