Always Run from Risks. Said No One Ever.

Freddie Marriage

“Only those who will risk going too far can possibly find out how far one can go.” T. S. Elliot

Failure to innovate or take risks can eventually take down the most successful companies. Throughout history, there have been countless companies on top of their industry that did not stand the test of time. The same time that allowed competition to take advantage of and adopt new technologies. Although Blockbuster met its demise for several reasons, failure to innovate would be in the top three. In 2000, the CEO of Blockbuster was approached by the founder of Netflix with a proposal to form a partnership. Blockbuster was doing so well, and they already had their recipe for success, so they did not do the analysis and failed to connect the unseen factors. When companies are consistently increasing revenue with little to no change in the business model, it is often harder for them to embrace strategic thinkers. How long will the success of your current strategic initiative prevent you from failing? Continue reading

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