Best Quote on Strategy vs. Execution

In business, what’s more important … Strategy or Execution?

Books have been written about it.

Articles have sounded off on it.

Practitioners have pontificated about it.

But Morris Chang, CEO of Taiwan Semiconductor Manufacturing Company, answers it in a mere 10 words.

“Without strategy, execution is aimless. Without execution, strategy is useless.” — Morris Chang

Comments

[Joel D Canfield]

Bingo.

Bugs me that so many believe we live in an 'either/or' world. "Which is more important? BOTH, fer cryin' out loud!"

[Jason Yip]

I think he's quoting Sun Tzu

[Saleshandicapper]

And without both, you have Twitter. Go figure.