Management Bug: Lack of Company Strategy

A MngtBug is a problem, cause or impact in a human manager’s decision which produces an incorrect or unexpected result. Every other week we share a little bit of our knowledge base on social media and our newsletter. This week’s MngtBug is…

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Have you ever seen this MngtBug? How did you solve it?
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Description

This week’s “Lack of Company Strategy” is one of the more impactful Management Bugs.
By definition, it means the lack of ability to: Envision the longer term; Adopt a broader view of the organization, seeing it in the context of its competition and the current economy; Define a distinctive, unique mission for the organization; Define the path by which the firm can grow in the long term; Repeatedly move the organization forward in creating greater value (extracted from https://www.forbes.com/sites/jackzenger/2016/04/21/is-a-lack-of-strategic-vision-holding-you-back/#608ddfcb23bb)

For every organization, team or group, we should always check if we have an identified, formalized and shared strategy to guarantee engagement.

Known Associates

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This MngtBug has been mentioned in relation to a number of MngtFixes such as…

“Sales Strategy Definition”,
“Product Strategy Definition”,
“Company Strategy Follow-up”,
“Balanced Scorecard Implementation”,
“Team Building Events Implementation”,
“Marketing Strategy Definition”,
“Project Portfolio Implementation”,
and of course “Company Strategy Definition”!

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What about you? What do you want more or less of on medium post?
Do you have other suggestions?

I would love to know more about your feedback and stories so that we can learn, share and grow together!

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Have a nice week and remember…
Human Managers should strive to be humans while managing and be managed as humans!

Eduardo Espinheira is a Consultant, Facilitator, Manager, Public Speaker, Creator of the Management Bugs&Fixes and the Machiavellian PM Stories

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