Co-founder and Managing Partner
Forget the retail apocalypse, as business pundits are calling it. It’s more like a general established company apocalypse. From Sears to Toys R Us, Campbell Soup to Blue Apron, GE to P&G, there isn’t a day that goes by without a headline pronouncing some company losing its leadership standing. Why is it that so many once thriving firms are struggling to survive, let alone succeed? Why is it that some organizations can continually evolve to meet the times and the marketplace, and others can’t? This, even though most of those at the top can see the red warning flags ahead? In the over 100 interviews we did for Shift Ahead, with those at the top of companies on both the success and the distress ends of the spectrum, we found it was not one factor, but multiple factors that contributed to an organization not being able to shift ahead of the pace of change, the competition, and the marketplace dynamics.
Check out this short clip where I share 3 of the most common reasons many successful firms fail to shift their business ahead.
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by Chip Walker