Message to Managers: Your Strategy Is Not What You Say It Is
Bloomberg Businessweek is running an excerpt from HWYMYL on resource allocation:
Here is a way to frame the investments we make in the strategy that becomes our lives: We have resources—which include personal time, energy, talent, and wealth—and we are using them to try to expand several “businesses” in our personal lives. These include having a rewarding relationship with our spouse or significant other; succeeding in our careers; and so on. Unfortunately, our resources are limited, and these “businesses” are competing for them.
It’s exactly the same problem that a corporation has. Your resources are not decided and deployed in a single meeting; instead, the process is continuous, and you have, in your brain, a filter for making choices about what to prioritize.
But it’s also a messy process. People ask for your time and energy every day and even if you are focused on what’s important to you, it’s still difficult to know which are the right choices. If you have an extra ounce of energy or a spare 30 minutes, a lot of people will push you to spend them here rather than there. With so many people and projects wanting your time and attention, you can feel like you are not in charge of your own destiny.