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Don’t let your wheels lose momentum

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in Leaders & Managers,Workplace Communication

“Of the top 100 U.S.-based industrial companies listed in Fortune magazine in 1965, only 19 remain in the top 100 in 2005,” write the authors of a research paper published by the Stanford University School of Business. One of the authors is none other than Andy Grove.

And the authors, after studying organizations that survive and those that fail, come to an unusual conclusion: Survival could depend on the presence of leaders with “a paradoxical blend of personal humility and professional will.”

It’s leaders who “get the right people on the bus before they figure out the best path to greatness” and who are willing to “confront the brutal facts without losing faith.” Yet all of those traits must cohere around a consistent strategy that never loses momentum.

—Adapted from “Let Chaos Reign, then Rein in Chaos—Repeatedly: Managing Strategic Dynamics for Corporate Longevity,” Robert A. Burgelman and Andrew S. Grove, Stanford University Graduate School of Business Research Paper No. 1954.

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