Strategy · June 2026
The Discipline of Saying No Twice
Most operating plans fail not for lack of ambition, but for lack of a second, harder round of cuts.
Every operating plan I've inherited started with an honest first cut: a list of priorities trimmed down from an unmanageable wish list to something that looked, on paper, achievable. That first cut is the easy one. It feels disciplined. It usually isn't.
The real discipline shows up in the second cut — the one that happens six weeks later, when the plan meets the calendar and something has to give again. Most teams skip it. They keep the original list intact and simply work longer hours to compensate, which works for a quarter and then quietly breaks the team.
I ask every leadership group I work with to schedule the second cut before the plan even launches. Put a date on the calendar, thirty to forty-five days out, whose only agenda item is: what are we now willing to not do. Treat it as seriously as the kickoff.
The teams that do this consistently outperform the teams that simply try harder. Not because their ambitions are smaller, but because their commitments are real. A plan that survives a second round of cuts is a plan people can actually be held to — and one they can believe in.
Eleanor Marsh
Chief Executive Officer, Meridian Holdings