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Throughout corporate history, on both local and global scenes, the world has witnessed countless Organizations – Small, Medium and Large – that have inevitably fallen from grace to grass, and with each failure telling a story of multi-faced challenges. Over the past few weeks, we have taken our readers through a series of articles, casting…
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When Organizations become excessively arrogant as a result of Success (Warning Signal #1), they pursue undisciplined Growth (Warning Signal #2), and they begin denying Risk (Warning Signal #3). The combination of these factors often results into Panic, Confusion and Desperate Actions (Warning Signal #4). The descent into panic and confusion normally takes a turn to…
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PHOTO: OLI SCARFF / GETTY IMAGES Hello, and welcome back to our Five-Part Article Series on the warning signals of a Failing Organization. In this edition (Part III), we take a look at Warning Signal #3 – Denial of Risk and Failure to Confront Brutal Facts. Here, Organizations and leaders become blind to the impending…
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Business failure is like a cancer. The process moves in stages until there’s no turning back for the Organization and its People. And just like cancer, no entrepreneur or leader wants to hear that their Organization is dying. However, if detected early, there’s a good chance of curing the ‘disease’ and save the entity…
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The most important characteristics of blue ocean strategy is a new way of solving users’ pains, which means creating the solution no one expected to exist, but that everyone needed. This is called value innovation.“The best way to beat the competition is to stop trying to beat the competition” - Chan Kim and Renée Mauborgne
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