In this episode, we discuss how businesses, including corporations and startups, often "hide in the abstract" when it comes to setting goals and executing projects. This leads to a lack of follow-through, communication, and accountability, which can have a detrimental impact on employees, customers, and other stakeholders. This episode provides examples of how businesses can improve their project management and execution, such as establishing clear leadership, setting short-term goals, and regularly reporting on progress.
Businesses, including corporations and startups, often "hide in the abstract" when setting goals and executing projects, leading to a lack of follow-through, communication, and accountability.
Transparency and clarity are important for effective project management and execution. Companies like Apple and Whole Foods have taken different approaches to transparency, with both having benefits and drawbacks.
To improve project management, businesses should:
- Create actionable and specific mission statements that identify purpose and risks
- Establish clear leadership and accountability for tasks
- Set short-term, testable goals and refine based on learnings
- Provide regular, timely updates on project progress to all stakeholders
Sponsor: