The concept of status quo is misleading, because in reality nothing ever stays the same. Everything today is temporary; it is just a matter of degree. Markets, clients and competitors will eventually outgrow and outpace a company if they are unable to change and evolve. Although it may feel comfortable, it is a slow moving business killer. More businesses will disappear in the next year...
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The status quo is best described as a mindset that says, “Something must work because it is still around, and because it is still around, it must mean it is still working.” A key leadership discipline in today’s world is to constantly challenge the status quo in the workplace. Create a culture where everyone knows “sacred cows” cannot hide. If you don’t, you could become...
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A good friend sent me to speak to a CEO earlier past year who watched his revenues go down because he was afraid to take action, fearing that if he invested in a declining situation it would only make his situation worse. His management team, lacking experience in recession strategies agreed with him, thus they sat back and watched as revenues continued to shrink. He...
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As I work with small to medium-sized business leaders struggling to find their way through current challenges, I find that more and more are significantly cutting costs to the detriment of driving the revenue growth that their companies so desperately need. Fear is shutting them down to a fact they already know — cost-cutting alone could irreparably damage their business, leaving it poorly positioned to take...
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