Management Bug
By definition, a strategic overview allows a high-level perception of where the company is heading. Strategy is all about integrating activities and utilizing and allocating scarce resources within the organizational environment to meet the present objectives. The lack of a strategic overview will rightfully impact everything. (1)
If organizations fail to anticipate or prepare for fundamental changes, they may lose valuable lead time and momentum to combat them when they do occur. These essential elements of a business are customer expectations, employee morale, regulatory requirements, competitive pressures, and economic changes. The strategic overview helps you avoid the stall or even get off the plateau you can find yourself on. (2)
Without a strategic overview, the consequences for the company can be many, like:
- Lack of Objectives;
- Resources Not Properly Allocated;
- Unclear Organizational Structure;
- Lack of Communication Coherence; (3)
- Leadership indifference
- Confusion among the employees (4)
- Complacency of stakeholders
- Short-term thinking
- Lack of unity
- Deeply entrenched traditional perspectives (5)
