What is more important to have, a great idea or a masterful execution regardless of the idea?
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Masterful execution trumps great idea any time. A great idea executed poorly loses out to competitors. Case in point the early internet browser. Netscape was a great idea executed poorly. It lost out to its competition, Microsoft's Internet Explorer. IE has also lost out to its competitors, Chrome and Firefox, in recent years.
An awesome execution plan is important
Very true
Bad Idea + Bad Execution = $0 (or minus $)
Great Idea + Bad Execution = $100K
Bad Idea + Great Execution = $10M
Great Idea + Great Execution = $100M
Great Idea + Great Execution + Luck = $1B
Ideas are just ideas. Without masterful execution they're dead. I believe this resonates well with Faith without action is dead. One can have a good idea but poor execution. Many times we have seen people with good ideas but lack of execution made them lose the ideas to people who were good at execution.Look for instance at the story of mpesa and the guy who had the idea.... This is to say therefore that execution needs to have an upper hand.