Is Execution More Important Than Vision?
techcrunch.com
techcrunch.com
Ideas are easy to come by. Turning them into something is the hard part - and doing them well is even harder. For too long there was this myth about "first mover advantage" that overwhelmed logic and actual observation.
Amazon wasn't the first mail-order bookstore. They weren't the first online bookstore. However, they're the best online bookstore because they "executed" it best.
More examples of second mouses: Google (search, gmail etc.), flickr, Skype, del.icio.us ...
Other companies have executed as well in orthogonal directions (I'd argue that both GM and Microsoft are marketing companies with vestigal engineering organs) and not done as well long-term.
I suppose that's where the vision comes into play; you have to see the target to aim.
Think back to all the neat ideas that came up during the dot-com boom, and then remember that many/most of them failed in the end.
In the early stages of a business, you have to have the 'vision' that wows people enough to make them want to invest in you. From that point, execution is what keeps you in business.
I saw this and thought, "Maybe, but how would TechCrunch know?"
How many market leaders actually invented their markets? The business world is full of the remains of "visionary" companies who just plain got out-executed.