Does this sound familiar?
In the past the business had been doing OK. The results were not spectacular but it provided a living and there was hope for better things.
Suddenly things have changed. For some years now there has been no growth, maybe even a decline.
At best the future looks no better than the present. At worst the business is on its way to closing.
You may have been blindsided
Being blindsided may mean a total destruction of your business. Suddenly a new technology, a new service, and/or a new product make your business model redundant. And you are gone. For example, we all know how digital music has impacted the music business, and how digital news has affected newspapers. More recently how on line shopping has decimated retail stores.
Jim Harris, in his book “Blindsided”, talks about blind spots that organizations have that makes them susceptible to being blindsided. He claims that we as managers are too concerned with problem solving, and not enough with problem seeing. It’s problem seeing and opportunity perceiving that will separate the market leaders from the losers.
Why do companies get blindsided? Some […]