THE COST OF MANAGEMENT DELAYS: HOW PROCRASTINATION UNDERMINES BUSINESS SUCCESS
By: KHIM Phon In today’s highly competitive and fast-paced business environment, the ability to act swiftly and decisively is a key determinant of success. Unfortunately, some managers tend to delay critical tasks, often citing reasons such as urgent workload, unforeseen issues, or strategic considerations. While these justifications may seem valid, persistent delays can have serious repercussions, undermining the company’s growth, reputation, and competitive edge. The Reality of Managerial Delays Many managers justify their procrastination by highlighting the urgency of other pressing issues. For example, a manager might delay approving a new product launch because they are preoccupied with resolving internal conflicts or addressing immediate client complaints. They may argue that "this task can wait" or "there are more urgent matters at hand." However, such delays often become a pattern, leading to missed opportunities. Example : A marketing manager delays finaliz...