Is it time to break the mold? — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
  • LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Is it time to break the mold?

Get PDF file

by on
in Leaders & Managers

It’s tempting to stay with a familiar strategy, particularly if it has served you well. However, reluctance to stray from old practices can spell disaster.

General Motors, once flush and powerful, is now in grave danger because it refused opportunities to evolve. Rick Wagoner, its chairman and CEO, has long clung to the successful models of the past.

“We’re playing our own game—taking advantage of our own unique heritage and strengths,” he says, even as the company faces bankruptcy.

Lesson: Don’t let your enterprise die of inertia.

— Adapted from “GM and Me,” Alex Taylor III, Fortune.

Related Articles...

Leave a Comment

Previous post:

Next post: