Do all good things come to end?

Will profits always increase?

Will our organisation keep growing?

Is there any prospect of decline?

Up until 2008 every financial forecast I saw seemed to show relentless growth. Not only that, the predicted growth was exponential.

The recession has reminded us that decline does happen. But it always did. Everything has a life cycle. The recession has speeded this up for many businesses.

But we still need to be realistic about the curve. It’s bell-shaped and if I was half-clever I would sketch it!

The first step is to face the potential for decline. Then reinvent what we do to ensure we are still growing. Result: new growth but maybe in a different way.

Ignore this and decline is inevitable. I remember some time ago singing in a choir which did not recognise the importance of young voices. Nurture them? No. Ignore them? Yes. Result: the choir went into decline.

About drstevelewis

Good leadership is essential for any project to succeed. I specialise in the most difficult leadership challenges; those involving the way we relate to other people or the way they relate to us. With a background of many years in business and an earlier training in medicine I combine the two in a unique consultancy.
This entry was posted in Business life cycles, Failure, Finding success in business, Intelligence, Leadership, Success and tagged , , , , , , , , . Bookmark the permalink.

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