Without exception, companies that outperformed their industry peers excelled at what we call the four primary management practices: strategy, execution, culture, and structure.
And they supplemented their great skill in those areas with a mastery of any two out of four secondary management practices: talent, innovation, leadership, mergers and partnerships.
The winning combination the 4-1-2 formula for business success that consistently follows this formula has better than a 90% chance of sustaining superior business performance.

4 Primary practices
Strategy: Devise and maintain a clearly stated, focused strategy
To be clear about what your strategy is and consistently communicate it to customers, employees, and shareholders begins with a simple, focused value proposition that is rooted in deep, certain knowledge about your company's target customers and a realistic appraisal of your own capacities. need to be able to fine-tune your focus in response to new technologies, social trends, or government regulations
Execution: Develop and maintain flawless (hoan my) determine which processes are most important to meeting their customers' needs and focus their energies and resources on making those processes as efficient as possible take the same critical eye to product and service quality deliver offerings that consistently meet customers' expectations. clear about the standards they have to meet. don't necessarily strive for perfection-unless perfection is explicit in their strategic value proposition.
Note: customers don't care about a level of quality that goes beyond their needs and desires Culture: Develop and maintain a performance-oriented culture making the work environment fun based on the theory that when employees enjoy themselves they're more likely to remain loyal to the company. promoting one that champions high-level performance