Thriving or Surviving - Why Organizations Succeed
Understanding the critical factors for success
“Consider any great organization – one that has lasted over the years – I think you will find it owes its resiliency not to its form of organization or administrative skills, but to the power of what we call beliefs and the appeal these beliefs have for its people.” (Thomas Watson Jnr)
“One of the primary, fundamental faults with American management is that over the years it has lost its zest for adventure, for taking risk, for doing something that no one has done before.” (Harold Geneen)
Companies that enjoy enduring success have core values and a purpose that remain fixed, while their business strategies and practices adapt to a changing world. Values are important to corporations and many companies have long recognised the importance of possessing a set of guiding principles.
This toolkit explains about the essential of business success – how to take your business to the next level.
Length: 14 pages
Contents
The Benefits
Action Checklist: Strengthening Your Business
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The importance of corporate values
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Understanding and sustaining core values
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Developing visionary thinking and future orientation
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Using your business vision
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Understanding success by understanding failure
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Managing hygiene factors and business ideas
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Turning things around
Dos and Don’ts
Key Questions
Avoiding Problems – this section explains how to recognize and avoid potential pitfalls, notably complacency and the perils of business-as-usual thinking.
Things You Can Do
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Learn from the past, prepare for the future
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Avoid active inertia
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Understand the limits of your success formula
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Recognise that revolutions fail, flywheels succeed
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Confront the brutal facts
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Keep in close touch with reality
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Develop a culture of discipline
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Develop skills of active waiting
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Apply the Hedgehog Concept
Further Action
Further Information
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