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Business Strategist & Counselor | Business Continuity | Business Succession Planning | Exit Planning | Author "Quiet Plan - Exciting Results: 47 Trusted Secrets to Big Business Success and podcast "Show Me The Way"

"The Factors Preventing Success [...] Many assume business or sports teams fail because they don’t react to the changing times — that they are often paralyzed, stunned and fail to conform to the new way of business. They are left on the street corner, missing the last bus to prosperity. But according to Donald Sull, an MIT Sloan School of Management lecturer, inaction isn’t typically the cause. Good companies that go bad do react, they just don’t sit idling by. The problem is their inability to understand the appropriate action. [...] What occurs when good becomes bad is the fresh thinking that led to the initial success of the company is often replaced by the rigid devotion to the status quo. [...] Instead of asking what we should do to get back on top, companies that are downtrodden need to ask, “What is hindering us from restoring our stronghold?” (The Daily Coach, July 11, 2024)

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