…“But it a good growth opportunity and we should go for it. Even our competitor is going for it”… This is a common winning an argument in various Many firms miss the big picture of profitable growth, in pursuit of tempting growth opportunities, for boosting quarterly results. Relentless growth without profitability is a big trap in which many companies fall.
A leading strategy consultant Ram Charan has highlighted that firm needs to think about growth with profitability for sustainability.
“Exploring bigger picture involves thinking beyond short-term interests of external stakeholders, such as consultants, financiers,” said Prof. Kiran Momaya of Shailesh J. Mehta School of Management, IIT Bombay.
“Staying focused on big picture requires a lot of discipline to ignore the short term temptations,” said Inderjit Sehrawat, Managing Director, DVTEL India, which is a part of FLIR Inc., a Standard & Poor's 500 index component.
The strategic humour story “Missing the Big Picture: A runaway thief sends a better picture on social media for police!” stresses the importance of staying focused on the big picture. In this hilarious story, a fugitive ends up sharing her latest picture with the police and gets caught.
Here, have a look!
(The article is authored by Prof. Rajesh K. Pillania, who is judged Best Faculty for Strategic Management in India by ASSOCHAM & Education Post and is ranked jointly #1 for research productivity among management professors in India. Currently he is faculty of Strategy with MDI, Gurgaon)