From the course: Strategic Focus for Managers
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Reassessing current work
- When there are major shifts in your business due to market events, personnel changes, competitive issues, or other types of shake ups, When resources change or are reduced, work should go away. Just because you started a project doesn't mean it should continue. It's a sunk cost. When reorganizations happen, reevaluate everything. I had one client where we were doing a major cost reduction. Once we identified which staff were going to be leaving the organization, we went through a process of looking at all of their processes and activities. We reprioritized that work and identified those processes and activities that were going to stop because they didn't have the people It's not just reorganizations that will cause these types of changes. Sometimes mergers or regulatory actions will force you to reassess. I worked at one financial services firm where the regulators came in and said we needed to make a lot of changes to our processes. Those changes immediately went to the top of our…
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