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Management not connected with companies' goals

Staff writer |
Are executives spending their valuable time on what matters most, the things that advance their companies' performance and competitive standing?

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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.

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