Study Shows Managers Aren't Ensuring Their Companies' Long-Term Survival
Do you know the average life expectancy of corporations in general? A new study shows many business leaders don't; managers in young organizations shoot too low, and managers in older ones shoot too high. It's actually less than 50 years. And according to the research, the older an organization, the higher the odds management will become overconfident and complacent. Based on the corporate health assessment framework detailed in the book, "Beat the Odds: Avoid Corporate Death & Build a Resilient Enterprise," the study found that leaders aren't focusing their energies in the right directions to ensure their companies' long-term survival.
Respondents rated their companies on a scale of one to five -- one being the worst -- on the following nine principles:
- Purpose
- Core Values
- World/View Create the Future
- Inspiring Vision/Lead
- Strategies/Business Models/Competencies
- Aligned & Energized
- Measure
- Decide/Act/Get on with It
- Use Common Sense
- vision/leadership
- align & energize
- measure
- decide/act
- common sense