PwC found 42% of CEOs say their companies won’t make it if they stay on the current path. And most who try to reinvent are falling short. Too many exec teams are still trying to tweak their way out of a tidal wave. Buisiness reinvention isn’t a workshop. It’s not a rebrand. It's the hard work of confronting where you really stand and building the version of your company that’s built for what’s coming next, not what worked last. If you’re not leading that process with your own hands, don’t be surprised when your org becomes a case study in what didn’t adapt fast enough. Reinvention isn’t risky. Waiting is. #BusinessStrategy #Leadership #StrategicReinvention
Oh I agree completely. Chris Wayman. Build "for what's coming next, not for what worked last."
Founder, Scale Without Chaos | Guiding revenue-focused teams that drive growth | Host of the Scale Without Chaos Podcast | Follow for daily insights to help you grow your business with clarity, process, and profit
1moI'd say this stat is pretty telling: "The pace of reinvention is slow. On average, only 7% of revenue over the last five years has come from distinct new businesses added by organisations in this period. Barriers to reinvention include weak decision-making processes, low levels of resource reallocation from year to year, and a mismatch between the short expected tenure of many CEOs and powerful long-term forces, or megatrends, at work."