Strategic Planning Best Practice 14 – Never Be Satisfied
Profits are up, costs are down, the market is yours. Time to sit back and enjoy life, right? Wrong!
From Kmart to Walmart, Compaq to Dell, history is replete with examples of organizations that had once dominated a market segment only to become insignificant or non-existent. Today’s fast moving, highly competitive marketplace demands a relentless pursuit or organizational improvement. What is low cost and efficient today is likely to become expensive and unwieldy tomorrow given the rapid pace of technological advances, process innovation, and the entry of tenacious entrepreneurs into the marketplace from around the globe. For organization leaders, this means never being satisfied with the status quo and always seeking to identify ways to improve the organization’s performance.
You need to be logged in as a Premium Member to see this part of the article. Login using the box in the sidebar. Not registered? Click here to register
Sign up for our Email Newsletter
Register for the complimentary StrategyDriven Newsletter and receive instant access to our Organizational Performance Measures whitepaper series. Using these whitepapers, you'll learn how to create a performance measurement system that drives superior performance by aligning managerial decisions and employee actions with your corporate strategy.
Excellent article. I found it very insightful and the illustration really enhanced your message.