Truth that Matters. Stories that Impact

Truth that Matters. Stories that Impact

Business

Shark Tank India Judge Anupam Mittal on why most business plans fail, says ‘You don’t win with…’

Shark Tank India Judge Anupam Mittal on why most business plans fail, says ‘You don't win with…’

Shaadi.com founder and Shark Tank India judge Anupam Mittal has now shared his views on why many business plans fail. In a post shared on professional social networking platform LinkedIn, Mittal argued that companies often mistake activity for progress by focusing on long to-do lists instead of solving the few issues that really matter. Mittal said that businesses do not succeed by creating plans filled with dozens of tasks. “You don’t win with a long list of things to do,” he wrote.As per Mittal, many of the organisations create plans consisting of 25 to 50 items that need to be checked off, creating what he described as a “false sense of progress” as teams focus on completing tasks rather than addressing the main obstacles holding back growth. Mittal also believed that most companies are typically constrained by only one other two major bottlenecks at any given time. “In a company or team, usually 1 or 2 bottlenecks are holding everything back,” Mittal said. He added that the role of leadership is to identify those critical constraints and direct resources toward solving them.“The job of leadership is simple. Find those. Put the people, money, and rewards on those. Only those,” he wrote.

Read Anupam Mittal’s complete post here

You don’t win with a long list of things to do 🤷🏻Most plans are just a list of 25 to 50 things to check off.It feels productive. Tick tick tick. False sense of progress In a company or team, usually 1 or 2 bottlenecks are holding everything back.The job of leadership is simple. Find those. Put the people, money, and rewards on those. Only those.Everything else is BAU. Business as usual. Do it. Don’t celebrate it like a breakthrough.That’s how you build OKRs & KPIs. 80% of the weight on 1 or 2 things that unlock growth.Rest is just necessary plumbing 😅

Source: timesofindia.indiatimes.com