I was at a bar with an acquaintance. Talk turned to work and he spoke about how his company is doing, given the current worldwide economic crisis & its effects. We started discussing strategy & performance measurement criteria, and he mentioned that in his company senior executives were rated separately on strategy & implementation, with no tie – in between the two!
Now if you ask me, such a rating is as good as saying “Hey great strategy Dave, It’s a shame you lost the game of chess, though.” I shudder to provide an example in business. Incidentally the executive in question was rated highly in strategy formulation & not so good in the execution of the same.
Another shocker (which I’m increasingly getting used to) was that there were no clear KPIs percolating down the org. chart to measure the impact of such strategies formulated by the Grey Eminences & Young Turks.
Not surprisingly, the company in question has seen a lull in business not entirely consequent to the global financial crisis.
This is unfortunately a state of affairs with quite a few companies in the SMB segment in India, which are unable to recognize the impediment to growth despite showing an initial promise of greatness.
Other opinions, solution – oriented thoughts are welcome.