Often people see changes in their market. And they see new opportunities being created. Yet, despite awareness of new opportunities and the need to change far, far too often we don't change. This podcast goes over how "best practices" causes us to "lock-in" our business model, and our business practices, behaviorally, structurally and with costs. By understanding these "lock-ins" we can identify them, and attack them, creating the space for change in our organizations.
Often people see changes in their market. And they see new opportunities being created. Yet, despite awareness of new opportunities and the need to change far, far too often we don't change. We don't implement changes to overcome threats, and we miss out on new growth opportunities. Even when we know we should. Why not?
This podcast goes over how "best practices" causes us to "lock-in" our business model, and our business practices, behaviorally, structurally and with costs. We create a specific culture, and work hard to maintain that culture, even when the culture needs to change. We implement IT business practices, and IT packages, that make the business more efficient, but makes it very, very hard to change. And we make big investments in buildings, technology, intellectual property, people and other assets that we feel compelled to "leverage" thus refusing to develop a new cost model. By understanding these "lock-ins" we can identify them, and attack them, creating the space for change in our organizations.
Thinking points: