Biz failure? Blame top Management

The myopic view of top management
In Today’s competitive world where the competitors fight neck to neck, the only way to sustain the Competitive Advantage is to not overtly focused on the present but to think on long term perspective.
During my limited corporate experience what I observed with a few of the Organizations were, to my surprise, the Top Management was quite concerned only about the near term gains. Albeit it’s important to focus on near future what’s agonizing is the myopic view of the Top Management.
They clasp the outdated ideologies, hang on to the status quo and fear the slightest change but wish the profits go up year-on-year. In most of the Organizations, the Vision statements are mere wish lists or decorative strings of ornamental words hanging on their websites, with no apparent efforts/plans towards achieving the same.
Why fear the change?
Most Organizations have the capable people who perform their best on a day to day basis but do not have time or willingness to look beyond their current activities. These are the people who keep running relentlessly but do not know why. An Organization definitely needs these people. They make a perfect execution team. But an Organization filled mostly/solely with these type of people would fail in long term.
These types of Organizations fear change because there are no people who could foresee the unforeseen. So, they clasp each others hands, close their eyes tight and say nothing’s going to change. In reality, everything’s changing… at their own pace.
What to do about it?
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Employers and business leaders need people who can think for themselves – who can take initiative and be the solution to problems. – Stephen Covey
As Stephen Covey mentioned, Organizations need people at top who can think and look beyond the status quo. A guy who can take a short break from the rat race and observe from a distance or take an aerial view of the situation and make corrections appropriate.
Top Management or Business owners must actively spot these people either inside the organization or in the market and reward them with right opportunities. Hiring or promoting such strategic thinkers should be seen as long term investment for the Organization rather than as an expense