The word “stay” has various meanings: it can refer to some sort of temporary suspension from a certain position, usually an extended period of time, the giving up of an engagement or marriage, or the letting go of a person. In the context of business, the stay in power concept is used to indicate the period between a departure and arrival in office. This period can span over several months or even years. For example, when you are leaving an organization, there are strategic stay in power steps taken. When you accept a job, you are said to have “resided in your new organization”.
In order staying on top of issues, the execution of important tasks and other actions requires that the leader to stay on top of everything. The staying power concept applies to individuals as well as teams or companies. A business that is undergoing organizational change is going through a stay on top process as it completes implementation of organizational change. The stay on top idea applies to new ideas, innovative products and services, or even to organizational performance – when things are going well or not so well.
The concept of staying on top can help us determine whether we should stay on top or start working on another year’s worth of objectives. The concept of staying on top can also be applied to a company’s performance. If a business is performing well, there will likely be no reason to stay any longer than the company wishes to stay on top. However, if the business is performing badly, there may be reasons to stay on top – even to the point of delaying another year’s worth of objectives. This delayed time is money in the business’s pocket and can be a significant difference between success and failure. However, this money can be wasted if leaders do not understand the value of staying on top.