Arresting Deterioration - A CEO’s Priority

Abstract

Great business organizations can deteriorate and deplete very fast if the early warning signals are not captured through an appropriate management and operational control system. Failure can be accidental and therefore may be pardonable. Deterioration is never accidental and hence cannot be pardoned. The visualizers and carriers of deterioration are normally the people, products and processes. Therefore, a business organization has to constantly review, revise and revitalize these three most important components of business performance. Deterioration can be arrested if the CEO empowers his team members to identify it and take timely decisions without any bureaucratic hurdles.