Straight from the Boardroom: Why Organizations do not know their own Business Strategies?
Story goes back when I had just joined a large conglomerate. My reporting was to the CEO . Following the 'corporate rituals' meant for the CXO s, I too was asked within few days of my joining to formulate a befitting functional strategy for HR and present the same to the board. Although the company was having a 'working' strategy for the past more than a decade. Keeping in view the prescribed thumb rule that says that all the functional strategies should be in line with the overall Business strategy of the company, one fine morning I reached out to the CEO innocuously, requesting him for his time to discuss the business strategy. Additionally, at the back of my mind, I was carrying the impression that as he being my manager and also the CEO of the company, he is the right person to hear from him about strategy. My first mistake in the company. Anyhow, story went on like this. My first assumption was wrong, still I dared to continue with it. One day I got a c...