Years ago, I heard people refer to the CEO of the company I worked for as having the “shiny object syndrome” it was the first time I had heard about it in the context of business strategy really but in thinking about it, it made perfect sense.
The next new idea or new leader in the company was the “best thing since sliced bread”. It was like nothing existed before. He would constantly reset and throw away investments because it was new and felt fresh!
Organizations lose a ton of money and great staff in a way that can only be equated to making an investment and walking away from it every time one discovers a new investment: Like a kid with brand new toys. The result? Some employees leave and do much bigger things for competitors that they could have done with yours. Money spent is lost on new strategy when a little adjustment was needed on existing as opposed to a brand new strategy.
As an organization, take stock of what you have in resources and business strategy that is part of your ongoing success and when you add on in the spirit of growth, do not under value what you have in place.
