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Donald Sull on why good companies go bad
"Many leading companies plummet from the pinnacle of success to the depths of failure when market conditions change. Because they’re paralyzed? To the contrary, because they engage in too much activity - activity of the wrong kind. Success breeds active inertia, and active inertia breeds failure."
A head down, plow ahead mentality is deadly in a rapidly changing marketplace. You may believe you know what's happening around you, but like driving the same road to work every day, you've simply become hypnotized by your extremely narrow short term interest and point of view.
Take a look at this video for a stunning example. Then think about what you need to do to shake up the status quo way of thinking in your organization.
Posted May 22, 2007
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Posted by: olivier Blanchard | May 22, 2007 at 11:38 AM
Love it. Great thoughts and powerful example.
Posted by: Derek Guyer | May 23, 2007 at 05:13 PM
The video is great. I would like to point out one thing though. The video shows the effect of one person's focused attention on the globañ perpection of things. I know a person or two who fit very well with this behavior. They are continously annoyed by what is happening to them and don't realize they are stuck.
Ok. But what happens in corporations or group situations? I mean, someone should be aware of what is happening out there! Are our companies still so dependant on one person's eyes that the whole organization is focused on one thing? That is far more dangerous, I think. How can we introduce at least some correcting lenses that provide a different vision?
Posted by: Felix Gerena | May 25, 2007 at 03:44 AM