5EXECUTION
Without strategy, execution is aimless. Without execution, strategy is useless.
Morris Chang, CEO of Taiwan Semiconductor Manufacturing Co.
Chances are that you have probably consumed a food item today that was transported in a transport refrigeration unit by Thermo King. It is the world leader in transport temperature control systems for trucks, trailers, buses, rail cars, and seagoing containers. For nearly 80 years, Thermo King (TK), a brand of Ingersoll Rand, has been developing customer‐focused innovations for a variety of transport applications.
Their strategy is to prioritize projects and initiatives that drive market share growth, based on enhanced quality and customer focus. They have utilized project management and PMO practices in the background for a number of years. With new PMO leadership they questioned, how can we evolve project management and refocus our execution capabilities toward strategic execution and business needs?
WHAT IS EXECUTION?
If strategy is about what to do, or what not to do, then execution is about the how to do it. Simply, execution is about getting things done, from vision to reality, or from a goal to a check‐mark. Execution also happens to be the top ...
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