Bill Gallagher argues business leaders waste time inventing custom systems when they should use proven fundamentals: the right people in the right roles, consistent meeting rhythms, concrete plans with targets, scorecards to track KPIs, and proper funding. Stop customizing. Execute the basics.
Another big mistake we see companies make is say, hey, you don't understand me, my business, my industry. And I do things a certain way because of X, Y and Z. And that's true. You should have some things that are unique to you. But there's an awful lot of basic business things that you need to do. Get the people set up right. Cover the common functions that every company needs to deal with. Get a great cadence of meetings. Have an actual plan with goals, targets, strategies, that kind of thing. Have some scorecards. Drive to a few KPIs. Get smart about the way you fund the business right? These are common kinds of things, and the core of them that you can really just set it and forget it is getting the execution dialed in.
