It will be of good help, if you go through the introductory section of Discipline of Execution-Making it Happen, as it provides a detailed perspective on this subject. This page provides a high-level view of how Execution differs from Performance. A traditional view is that performance is synonymous with Execution. The objective of this topic is to de-mystify the difference between the two. Performance Management typically focuses on the performance vis-à-vis a set of goals and metrics, and it generally numbers driven. In the recent past there has been emerging thinking about having more pro-active performance management in terms of leading indicators. Execution Management, not only looks at performance, it also works on various other aspects like capability management, business assumptions management, customer & competition tracking, etc.....
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