Why Companies must Update their Strategies. Part Two
When companies do not update their strategies they are putting organizations in harms way. Once an organization develops a winning strategy they tend to stay with it long after it is no longer effective. This is one of the reasons companies of all sizes run into trouble and even fail.
The show will examine companies that were able to successfully update their strategies like Trader Joes and companies that were not, like SuperValue, RCA, Microsoft, and various other companies. Updating a strategy can be a messy ordeal and hard to know when to do it.
The listener will learn how others were able to update their strategies leading them to greater success. How to recognize hints that it is time to update one's strategy and when not to.
The show defines the kind of leadership that is needed to successfully update a companies strategy.
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