Mismanagement

Mismanagement is inevitably the failure to do certain things, rather than doing the wrong thing (as long as we learn from doing the wrong thing and don’t repeat it!) The following factors constitute mismanagement:

• Lack of Planning – the failure to create a clear strategic plan that has widespread buy-in 
• Weak Leadership – leadership that lacks direction or vision, that fails to positively influence 
• Poor Communication – between individuals and teams, from management and to management, resulting in a lack of clarity and misunderstanding 
• Incompetence – lacking the skills required in any position within the business, often resulting in a lack of informed decisions 
• Insufficient Resources – be it financial, human or technological, hindering productivity and efficiency 
• Rapid Growth or Change, without the proper foundations and infrastructure to be adaptable 
• Ignoring Market Trends and failing to adapt 
• Unhealthy Company Culture – resulting in a toxic workplace where morale, motivation and engagement are negatively affected 
  
  

And the simple answer to how we avoid mismanagement – ensure your company prioritises all of the factors above, which will involve change and adaptability.