Being strategic is one of the top priorities for any leadership role. A recent survey conducted by HBR suggests that about 97 percent of 10,000 senior leaders believe strategy planning to be a key differentiating factor for driving business. However, another survey revealed that 96 percent of leaders fall short of time for strategic thinking. In this article at Harvard Business Review, Dorie Clark enlists few key reasons for this misalignment between the intended goals and actions.
Steps to Prioritize
There is no denying that the current professional environment requires the business leaders to be more involved in meetings and discussions rather than strategic thinking. However, they can still implement certain steps and devote some time to prioritize what they consider as ‘essential’. Here are the key barriers that could prevent you from spending the intended time for strategy planning:
The ‘Incentive’ Game
A big reason for the scarcity of time could be the way incentives are promoted as a part of the work culture. Most professionals are simply stuck in the game for earning more incentives and gaining a false tag of a ‘loyal employee’ in an organization. In this process, they end up losing the time required for strategic decisions.
The Social Status
Many professionals consider ‘being busy’ as the new term for higher self-esteem. They are willing to showcase their busy status to gain a better social weight and importance. They equate it with the mark of success and inevitably losing out the time to strategize.
To counter these unproductive scenarios (internal or external), the author suggests three important ways:
- You can still do strategic thinking with the limited time and equal level of responsibilities only if you have the required psychic space.
- Track the way you are spending time and identify the gaps or options to multi-task, thereby saving the intended time for strategies.
- Be a master of your own work schedule and let go of the ‘busy’ social status.
To read the original article in full, visit the following link: https://hbr.org/2018/06/if-strategy-is-so-important-why-dont-we-make-time-for-it