Procrastination is Not a Strategy
Knowing this while doing nothing, i.e. procrastinating, is a great way to stagnate your business, and ensure that some young upstart with a disruptive idea, will come along and steal your customers. The problem with procrastination is summed up in the article as follows; “procrastinators are less wealthy, less healthy and less happy than those who don’t delay.” Or perhaps, if that is not enough think about “Those of us who habitually put off key decisions for weeks, months, or even years, are increasingly in danger of being seen as dinosaurs.” I would therefore suggest, that any organisation that does not have a clear strategy is equally in danger.
According to the article, for chronic procrastinators, a rigorous method is required to ensure work eventually gets done; “there are good ways of getting through the task in hand the first one is obvious – break the task down into small chunks and work your way through them methodically”. I have already said that creating a strategic plan requires a method. The approach we take in my consultancy, is to break the writing of the strategy into a number of managable deliverables. This makes the final delivery feel more tangible. Ideally these can be built into the natural work cycles, and should become an organic part of the organisation’s lifecycle. We start by assessing the current state of play against key measures; not only spend, but also service quality, and alignment to objectives. We then extend this analysis, by looking at the overall objectives the stakeholders in the organisation have, and what levers can be pulled to better achieve these objectives. Finally we define the steps required to achieve the goals set by planning the impact of pulling the chosen levers.
So is your organisation procratinating or do you have a clear strategy in place that your are revising on a regular basis?