Businesses, including corporations and startups, often "hide in the abstract" when setting goals and executing projects, leading to a lack of follow-through, communication, and accountability.
Transparency and clarity are important for effective project management and execution. Companies like Apple and Whole Foods have taken different approaches to transparency, with both having benefits and drawbacks.
To improve project management, businesses should:
- Create actionable and specific mission statements that identify purpose and risks
- Establish clear leadership and accountability for tasks
- Set short-term, testable goals and refine based on learnings
- Provide regular, timely updates on project progress to all stakeholders
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