By Mauro Libi.
Most executives agree that their companies spend too much money on low-priority
initiatives and cut costs indiscriminately, says new Strategy & Survey of
over 500 executives warns companies may be diverting money away from
strategically important projects
Executives worldwide say low-priority initiatives get
too much funding, cost-cutting isn’t strategic and budgeting isn’t tightly
aligned with strategic planning at their companies. Cost-cutting is haphazard
and weakens the business; it should strengthen it.
There has to be a balance between investment in
initiatives and in keeping cost down. If a business does not initiate new
initiatives and ideas it will lose in our competitive society to that company
that does. So how does a corporation in such a competitive environment survive
without investing a hefty sum on change initiatives ?
The answer is lies in part in the problem. More
than 70% of change initiatives fail. That means 70% of the investment in change
initiatives turn to failure. Many have worked on trying to solve and bring down
this failure rate. A company can invest much less in change if it did not
have so much cash investment lost to failure.
Before change is attempted and large sums of cash
invested, the question should be - how is the mental health of the business?
This may seem like a strange question to ask on a corporation. But let's think.
It is known that many of the failed initiatives have to do with the management
and employees that need to put those initiatives into effect. It's not just
having a good idea that leads to success but that good idea needs to be acted
on. Action by the employees is needed to see this initiative succeed.
In many cases this comes down to the attitude that is
pervasive in the company when a change initiative comes down from management. A
positive attitude toward this idea and the company in general are the key to
success.
Positive attitude manifests in the following ways:
Positive thinking, Constructive thinking, Creative
thinking, Optimism, Motivation and energy to do things and accomplish goals.
By having a positive attitude management and the
employees will expect success and not failure. Making then feel inspired.
and it will help them have the strength to not to give up, if you encounter
obstacles on your way.
Investment to change is essential to a company but so
is the need to create a work environment and hire people with the positive
attitude to see it through and succeed.( Mauro
Libi)
No hay comentarios:
Publicar un comentario