In their quest to stay ahead of the curve, business leaders might instead be throwing their employees a curve ball.
Today’s business world prizes innovation. Companies don’t want to be left behind, and executives are fearful about missing out on the next “big thing.” This can be a healthy organizational dynamic, provided the inexorable march forward, that ethos of innovation, is executed the right way.Executive SummaryInstead of a healthy organization dynamic, pursuit of innovation by leaders with FOMO can manifest itself in the form of continuously changing priorities, strategic initiatives du jour and a general sense that the company is rudderless, says Watermark Consulting’s Jon Picoult. Organizational ADD exacts a very real cost on a business, he says, noting how employee fatigue impacts interactions with customers and how write-offs of unfinished transformations impact the bottom line. Here, he outlines three ways insurance leaders can be progressive without frenzied organizational dynamics.