#117: What is 'strategy execution'?

Here is my attempt: "The processes that convert business strategy to operations. 'Business strategy' is the choices made (and excluded) in creating value (can be explicit or implicit). 'Operations' is the on going (steady state) effort to deliver value to customers."

This will cover all the steps from discovering/inventing value to actually delivering it to customers. In explaining this, concepts such as 'in the business' (create value using existing processes), 'on the business' (improve processes) and 'transform the business' (move the business to an entirely new ground) need to be explained.

I am looking forward to comments and learning from other perspectives.