Have you heard the expression, “Assumptions are the mother of all f—ups”? When observers say, “challenges that corporations face in managing and adopting innovation” are we assuming management skills are a constant – ’cause they ain’t!
The managerial errors of Strategic Myopia, Structural Inertia & Reactivity have been denounced for so long, you think rubbish management would be long gone…
However, the politics of selling consultancy means 99% of management consultants skip over findings in the problem identification stage, hiding rather than revealing, sub-standard management lacking in understanding of rudimentary concepts such as the Ansoff Matrix, the Resource based approach to the marketing concept, product portfolio management and other strategic marketing management concepts.
I see so much waste is the ‘selling of emperor’s clothes’ to big business. SingTel just boasted 0.8% increase in profits due to their clever Six-Sigma approach – BIG DEAL!!!
One of OUR banking clients just increased generated 22% profit growth using our proprietary Customer Value Management models – and our fees were insignificant to the ones paid by SingTel!
Poor shareholders… the world of imperfect information hides how woefully mismanaged their investments are
Improper choices by underskilled management seem to be much more the problem with innovation, chnage and profit challenges being more of a symptom.