Don’t let success make you complacent

June 29, 2023
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Don’t let success make you complacent

As Andy Grove famously said, “Success breeds complacency, complacency breeds failure.”

As a CEO, it’s crucial to stay ahead of the game and continually improve performance. So, how can you do this? McKinsey & Company research and experience in CEO excellence has shown that the following strategies can greatly increase the odds:

  1. Enhance your learning agenda by seeking new knowledge and skills to stay on top of industry trends and advancements.
  2. Take an outsider’s perspective by seeking feedback from stakeholders and experts outside of your organization.
  3. Collaboratively define the next S-curve to identify new opportunities for growth and innovation.
  4. Future-proof your organization by anticipating and adapting to potential disruptions.

“Successful transformation requires innovating from the top, building a thriving culture, achieving technological flexibility, and balancing risk and reward.” – Zarina Tsomaeva, CEO & Founder at Loquat Inc.

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