The Innovation Show

In this episode of 'The Emergent Approach to Strategy,' guest Peter Compo joins to discuss the complexities of executing strategy effectively, focusing on Chapter 9 from his book. Compo addresses common misconceptions about execution and its distinction from strategy, emphasizing the importance of adherence to strategy frameworks. He explores real-world examples from businesses and sports, highlighting how excellent execution requires discipline and adaptability in dynamic situations. The conversation also delves into the integration of innovation within disciplined execution, using analogies from music and sports to illustrate key points.   00:00 Introduction and Overview 00:37 Understanding Execution in Strategy 02:55 The Misconceptions of Execution 06:23 Execution vs. Strategy: A Deeper Dive 08:57 Execution in Practice: Sports and Music Analogies 11:57 Challenges and Realities of Execution 20:52 Execution in Business and Innovation 23:26 Demming’s Red Bead Experiment and Its Lessons 39:15 Final Though