How close is a big firm to failing?

The bigger you are the harder you fall, or so I was told.

Having worked in the Big Four, I can confirm that they are very worried about falling over. And it’s no surprise either.

When Arthur Andersen collapsed a few years back it sent shock waves through the audit and advisory profession.

And you can see why the others are nervous too because they only really have 2 assets:

Reputation and People.

Reputation is gone in a flash, and with it the ability to attract and retain the best people.

And isn’t this true about us as individuals too? The bigger we are, the harder we fall.

Top leaders are probably no different from the rest of us, it’s just that they are more exposed. Every last flaw is photographed, every minor misjudgment blown out of the water.

What is worse, we build them up to knock them down. It’s natural and it’s human, or rather inhuman.

Most of us concentrate on working our way upwards, never stopping to think how lonely it could be when we get there.

About Dr Steve Lewis

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 Big business failure, Binary thinking, Confidential advice, Failure, Getting to the top, Leader resigns, Lonely at the top and tagged , , , , , , . Bookmark the permalink.

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