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