In this month's newsletter, we've decided to take on a touchy issue in business: The complacency of mediocrity. Organizations spend billions each year working on new strategic initiatives to meet their organizations' objectives. Yet, on average, two out of every three initiatives will fail.
Sure, the project may complete with some semblance of the original
objective intact, but most likely not until going back to ask for additional
funding, more time/resources to complete, or reducing the scope of the original
So how, might you ask, can companies spend so much
money and time on key initiatives and then allow them to fail so frequently? More often than not, complacency is to blame. Status quo. Project teams come back to the well so often that it is an expectation of running the business. In some cases, planning is so poor at the beginning that it becomes hard to prove what the original budget or timeline or scope was supposed to be.
In this month's article, Alisa Speese writes about complacency and provides some ideas for how to combat it in your organization.
It is not easy to fight complacency. It is somewhat ingrained in our society. If you want to buck the trend and make better use of your strategic spend each year, contact us at 847-808-9999 or email@example.com. Peritius can help you set higher expectations and recognize more of your objectives by using that spend more effectively.
Laura Dribin Werner
President & CEO
Peritius Consulting, Inc.