THOUGHT FOR THE DAY

Priorities

“Resolve to perform what you ought; perform without fail what you resolve." - Benjamin Franklin

TOPIC OF THE DAY

Stop Chasing Too Many Priorities

If you feel you have too many priorities and claims on your attention, you are hardly alone. A recent survey of 1,800 global executives (see Booz & Company's Coherence Profiler) that dug into this issue revealed a wide range of related management ailments, including:

Most executives (64%) report they have too many conflicting priorities. The majority of executives (56%) say that allocating resources in a way that really supports the strategy is a significant challenge, especially as companies chase a wide set of growth initiatives. 81% admit that their growth initiatives lead to waste, at least some of the time. Nearly half (47%) say their company's way of creating value is not well understood by employees or customers.

The survey findings suggest that these symptoms stem from companies' incoherence — their strong tendency to chase growth initiative after unrelated growth initiative, often with very little success.

Read on...


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