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Through many years of consultative practice, in a variety of industries, locations, and economies; and through consistent research, we have identified a number of ways to effectively ruin a business, to destroy the dream held by principals and employees alike. Organizations focused on avoiding these pitfalls have a much higher degree of operating success resulting in much higher personal reward. The following list, compiled after years of management consulting activity, include ten common ways to ruin a business. The LaMarche Consulting Group is dedicated to overcoming each of them.
- Leadership does not have a clear vision, mission, values and principles, or does not communicate the same.
- Poor organizational structure wherein duties and responsibilities are not clear, individual jobs are not differentiated and true performance measurement systems are absent.
- Leadership more involved in "doing" than in oversight.
- Lack of trust and empowerment within the management team.
- Lack of strategic, tactical and operational planning, and lack of marketing, market penetration, and client management planning.
- Lack of succession planning and implementation.
- Lack of a consistent monitoring of accountability, and performance measurement.
- Slow or absence of decision-making.
- Lack of identification and action focus upon the "Critical Few" key corporate issues.
- Lack of management commitment to further develop management and supervisory skills.
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