In his new role, Fields said he will oversee Ford's day-to-day global operations, while Mulally will shape the long-term execution of his 'One Ford' plan and mentor top executives.

MSN: "One Ford" strategy top focus, says incoming Ford COO

This week he answers that question, and describes a second missing element required for speed of execution and long-term agility.

FORBES: The Secret Formula for Corporate Strategy Execution: Part 2

We can immediately deliver value to stockholders, while we continue the execution of our long-term strategy and focus on delivering best-in-class solutions to our customers as a private enterprise.

FORBES: Dell's LBO: Internal Talking Points Disclosed In SEC Filing

Even experienced traders who would agree that factors such as the size and type of the transaction, the market for the security, and the speed and certainty of execution, are all relevant, would disagree as to the exact meaning of the term.

FORBES: Pensions and Brokerage: The Brokerage Battlefield Revisited (October 1, 2000)

For shorter term traders who are nimble in execution, there have been pockets of opportunity presenting themselves along the way.

FORBES: Cash Is An Investment Too

The liquidity on futures fades for contracts more than a few months out, so for the sake of good execution you are going to be trading near-term contracts and you won't have many yearlong holdings anyway.

FORBES: In The Money