Most companies are short-lived.Īdvances in information, communication, and transportation now connect the whole world Lowering of trade barriers Downside Globalization hurts as many nations as it helps Globalization increases country inequality Globalization provokes nationalism and protectionism Globalization threatens cultural traditions and values Upside New market opportunities if we can offer something better Question: Is your company sufficiently globalized? Companies are often blind-sighted by their eagerness to build short-term growth and ignore the risks. If they don’t reform, they finally go bankrupt. They ignore early warning signs of failure Stage 4. Successful companies get arrogant and think they can do many things. James Collins wrote in How the Mighty Fall : Stage 1. Causes Business scandals: Enron, World Com, Tyco, Madoff, Goldman Sachs High pay to the few: CEO paid 350 times average workers salary Anti-capitalist forces Recession and falling behind Solutions More transparency Better boards and management Investing in corporate social responsibilityġ0 Is Your Company Going to Fail? Signs to Watch for And car salesmen and advertising executives were the least admired by the public. Winston Churchillĩ Distrust of Business In a 2009 survey, only 16% of respondents respect the integrity of business executives. The Mafia is laying off judges.Ĩ An optimist is a person who sees an opportunity in every calamity.Ī pessimist is a person who sees a calamity in every opportunity. People in Africa are donating money to Americans.
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Obama met with small businesses - Chrysler, Citigroup and GM, to discuss the Stimulus Package.
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How to develop a superior company reputation through sustainability thinking.ĥ On a scale of 1 to 3 (3 = highest), How much is this a challenge to your company?ĭistrust of business Globalization Economic recession and turbulence Technological advances and disruptions Environmentalism and climate change Customer empowerment and the new social media Political conflict and regulatory changesħ Times Are Bad CEO’s are now playing miniature golf.
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How to deal with your company’s major business challenges and opportunities. How to develop a superior company reputation through sustainability-driven thinking. How to search for powerful new ideas and innovate successfully.