Companies fail for any number of reasons. Yet the most spectacular bankruptcies of late, such as Blockbuster and Kodak, have arguably occurred because of their failure to adapt their business models. Leaders developed a strategy, and then stuck to it no matter the contrarian evidence from customers or competitors or other red flags in the marketplace. (For interested readers, there is a fascinating article by Chumka Mui in Forbes about the demise of Kodak.) In a recent article for the Harvard Business Review, Hal Gregersen stated:
But often, leaders — especially senior ones — fail to seek information that makes them uncomfortable or fail to engage with individuals who challenge them. As a result, they miss the opportunity to transform insights at the edge of a company into valuable actions at the core.
Given the power differential between leader and employees, team members are frequently hesitant to challenge the boss and his/her vision or plan. That’s where Talent Acuity comes in: as a knowledgeable, objective 3rd party who can assess, analyze, facilitate, and pushback. Our consultants partner with the CEO/Business Heads and their leadership teams to evaluate and identify the key strategic challenges and risks facing their organization – related to structure, customers, products, stakeholders, value proposition, and/or communication – and then provide recommendations and associated plans, which your company can then implement or which can be executed as a partnership.
Contact us today to see how Talent Acuity Group can assist your organization as it attempts to adapt through changes related to new processes, technologies, acquisitions, mergers, etc.