Quote

If you can't describe your strategy in twenty minutes, simply and in plain language, you haven't got a plan. 'But,' people may say, 'I've got a complex strategy. It can't be reduced to a page.' That's nonsense. That's not a complex strategy. It's a complex thought about the strategy.

Lawrence Bossidy

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Lawrence Bossidy
Age: 89
Born: 1935
Born: March 5
Author
Businessman
Pittsfield
Massachusetts
Language
Strategy
Describe
Thought
Pages
Nonsense
May
Plan
Complexes
People
Havens
Page
Haven
Complex
Plans
Twenty
Minutes
Simplicity
Reduced
Simply
Twenties
Plain

More quotes by Lawrence Bossidy

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People tend to look at their businesses from the inside out - that is, they get so focused on making and selling their products that they lose awareness of the needs and buying behaviors of their customers.
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Execution is the job of the business leader.
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In its most fundamental sense, execution is a systematic way of exposing reality and acting on it. Most companies don't face reality very well. ... Realism is the heart of execution, but many organizations are full of people who are trying to avoid or shade reality. Why? It makes life uncomfortable.
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Complexity has nothing to do with intelligence, simplicity does.
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At the end of the day you bet on people, not on strategies.
Lawrence Bossidy
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Self-awareness gives you the capacity to learn from your mistakes as well as your successes. It enables you to keep growing.
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I saw that leaders placed too much emphasis on what some call high level strategy, on intellectualizing and philosophizing, and not enough on implementation. People would agree on a project or initiative, and then nothing would come of it.
Lawrence Bossidy