Success: the enemy of transformation
The end of a financial year is a time of reflection for organisations. Many will look enviously at the elite few who achieve massive profits and global dominance – but spare a thought for those who have scaled the pinnacle of success only to be swept, avalanche-like, far down the other side towards the abyss of history.
It is easy to conclude that these organisations were just overtaken by more innovative products and that they failed to have breakthrough ideas. However, this conclusion is too simplistic. What has increasingly become a barrier to transformation is not a lack of ideas but being held hostage to past profit and success; this success in turn generates a culture of change reluctance.
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