How many strategy management mistakes can you count?
1. Failure to adequately communicate the strategy
2. Failure to explain how the strategy impacts individuals
3. No formal cascade of objectives between high-level strategy (pointy haired boss) and next level down (Dilbert)
4. No way to monitor progress towards achieving objectives
Did I miss any?
0. Failure to create a strategy in the first place? 🙂 (Or a set of buzzwords does not a strategy make).
You’re absolutely right Phil. A vision statement by itself isn’t a strategy either.
Yes, I do believe another very important one is missing. People throughout the organisation, who pretend to help achieving strategic goals, just to look better to their managers. Strategy well defined, strategy somewhat communicated, missed to really involve the people into the “strategy-achievement-process” in my mind…
The fact that he had to “ask” if he even knew the strategy…. this should be readily available to EVERYONE! JB…you are a great blogger!
One of the most important factors while developing a strategy is to have an organisation goal (eg.Profitability)
to which the individual goals should be aligned. For a production manager this might boil down to employing the right amount of resources and deploying an optimum production schedule that aligns with the organisation goal.
For the marketing gu it should be choosing the right product mix and so on.
Yeah. You guys and your businessy buzzwords are leveraging platform synergies to acquiesce fecal matter. I guess that’s what happens when you let monkeys that need to feel smart near a dictionary.
I work in a very large financial institution and I must say I’m gagging on it. I thought Dilbert was supposed to be hyperbolic; but it’s a sad generalization of the truths of this place. I’d leave if they didn’t pay me so much.