Are you under pressure to deliver short term results?
As a leader in this fast-paced world, you are permanently in the spotlight. You are expected to perform. Your stake-holders keep a keen eye on your quarterly and even monthly figures. For sure, the pressure to deliver is on.
Consequently, you may be tempted to make your short term financial results the top priority above everything else. And whilst this is understandable, it might be the wrong approach.
The road to short term success may turn very soon into a dead end if you neglect a clear vision and strategy for the company, empowering and motivating people, and giving them the right tools to execute the strategy.
Following this intriguing McKinsey research, you should “start managing your organizational health as rigorously as you do your P&L”
The central idea underlying our organizational work for the past decade has been that the best way to run a business is to balance short-term performance and long-term health. Healthy companies, we know, dramatically outperform their peers. The proof is strong—the top quartile of publicly traded companies in McKinsey’s Organizational Health Index (OHI) delivers roughly three times the returns to shareholders as those in the bottom quartile—so strong, indeed, that we’ve almost come to take it for granted. (...) Our recommendation is clear: start managing your organizational health as rigorously as you do your P&L, providing pathways for leaders at all levels to take part and embedding and measuring the new ways of working.