Management not connected with companies' goals
They aren't, according to a new survey of more than 500 executives from around the world by Strategy&, a member of the PwC network of companies.
When asked how well their companies' strategic objectives drive how management allocates its time, only 18% of executives said "very well." In fact, at nearly a third of companies (29%), executives believe that the ways management spends its time has little to do with the companies' strategies.
Further, only 38% of executives said the initiatives and major projects they themselves are working on are aligned with the company's overall strategy.
Only a quarter of executives said their companies' strategy is solidly converted into specific operational objectives, initiatives and measures. ■