What is Management Myopia?
Myopia is known as near-sightedness, an ability to see near objects clearly while distant objects appear blurry. It is a common complication that afflicts nearly 22% of the population.
Management Myopia is the failure of management teams to see beyond short-term events. While statistics are not available for how many managers suffer with this disease, the gravestones of historic market leaders that are no longer in business suggest that the proportion is very high. That is why every leader should take steps to correct their organizational near-sightedness.
It’s common to find topics around supply chain optimization on the agenda of board meetings – in fact, over 85% of senior executives say that refining supply chain performance is one of their top priorities.
Why is that? Well, a lean supply chain process is crucial to maintaining profit as well as happy and loyal customers.
If you’re new to the planning and logistics side of the business, or simply wanting to understand this process better, I wrote this quick guide to help you get a handle on basic best practices for supply chain management (SCM).Continue reading
I am tired, it’s been long
Millions of years I have been traveling
You are my passengers for a little while
Why do you try to destroy your vehicle?
You kill me, you try to
You pierce me – you let the gases out of my stomach
You make holes in my sides
I don’t look like I used to anymore
Maybe 2013 was a good year for you, or you just could not wait for it to be over. Whatever it was, we need to say goodbye to 2013. It’s history. Gone now. Nothing more we can do about it.Continue reading