In a recent LinkedIn Pulse article I answered the question ‘Can my organization live forever?’ It’s a really relevant question as the life expectancy of many organisations is limited – only around 0.1% – yes – 0.1% – of businesses live beyond the age of 40! Avoiding a premature corporate death should therefore be at or near the top of the agenda!
Focusing on this subject, in this YouTube video I give a quick review of three key pointers to avoid an early corporate death:
You might also want to look out for these symptoms that could indicate when there could be an emerging problem ….
- Over-confidence in existing strategies – ‘our ways of doing things’ – can get us out of any problem
- Seeing the outside world just as ‘an industry’.
- Conceptualising the future as a place without major challenges.
- Focusing primarily on co-ordination, control and costs.
- Managers who spend most of their time inter-acting just with other managers.
- A relentless drive for growth and/or a continuous cascade of large-scale changes.
- Not thinking about ‘what would do if‘?
- Silo-based working.
- Seeing strategy as a process of control rather than a process of learning.
If you are interested in this subject you may also like to read: