This section focuses on why companies fail. Often success depends upon avoiding failure.
Strategic plans often focus on the short-term actions to move your company towards the future. To validate your thinking, take a different perspective: picture yourself in the future, looking back in time. Can you tell the story describing what your company will look like in 5 years time and why it will have been successful? … Continue reading Will your company be successful in the future?
Overview Your company will fail. Few major companies survive. Few major companies have sustained value creation. Many company directors do not understand: the strategy, how value is created, and industry dynamics. Most HR and IT organizations are not aligned with the strategy. Most employees are not working to achieve the strategy. Major business changes almost … Continue reading Your company will fail.
Overview Most start-ups will fail. Leadership is the underlying cause of start-up failure. Most companies will not survive. The board of directors is weak. Corporate leadership decisions and actions are not fact-based. Corporate leadership has poor decision-making behaviours. Values, morals and ethics are not understood or agreed up. The corporate leader selection and development processes … Continue reading Why will your company fail?
Few companies survive. Avoiding survival mode and getting out of survival mode requires the talent which can develop and execute a competitively differentiated business plan. The foundation for survival is competitively differentiated talent on the board and in the C-Suite. The core reason few companies survive is because there is a shortage of talent. Overview … Continue reading If you are in survival mode, should you still consider the long-term?
Why do startup CEOs fail? (V3) The following is focused on software and high-tech startups. Many of the concepts apply to other situations. Failure results from an inter-related set of experience, skills, character, personality, values, morals, ethics, and luck. The first point-of-failure is when the CEO is thinking of founding a company and becoming CEO. … Continue reading Why do startup CEOs fail? V3
There is some debate regarding the relative importance of the idea vs talent. Talent is the most critical. It is the talent which: comes up with the idea, changes the idea as learning more about the customers, and successfully grows a profitable company. Lots of people have ideas. Few people can successfully achieve results. Founders … Continue reading Leadership talent is the underlying cause of startup failure.
Startups often fail in the transition from product/market fit to successful scaling, because the talent requirements are different. The problems faced by leaders in those two situations are very different. Many leaders are not able to transition. Getting to product/market fit requires a small team making constant changes to build a product which delightfully solves … Continue reading Startups often fail in the transition to scaling.