From the course: Strategic Focus for Managers
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Evaluating new opportunities
From the course: Strategic Focus for Managers
Evaluating new opportunities
- New ideas and opportunities come along all the time. Resist the urge to jump on the next new thing. Rely on your prioritization process to assess all new ideas. Remember, if you add something new to your list, you either need to add resources to work on it or you have to stop working on something else, or finish something that's a higher priority before you start working on the new task. Failure to do this leads to the inevitable burnout of your team. In high growth organizations, periods of hyper growth can be really dangerous. During that time, everything's interesting and exciting, the team has the energy to pursue a lot of ideas. But eventually, they run out of steam. Initiatives fail. Morale drops, and performance suffers. Maintain a rigorous approach to drawing the line, and only pursue initiatives when you have the resources available to pursue them properly. What I mean by drawing the line is think of your initiative list. Then, once you have that complete list, figure out…
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