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 https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/staying-ahead-how-the-best-ceos-continually-improve-performance and experience in CEO excellence has shown that the following strategies can greatly increase the odds:
- Enhance your learning agenda by seeking new knowledge and skills to stay on top of industry trends and advancements.
- Take an outsider’s perspective by seeking feedback from stakeholders and experts outside of your organization.
- Collaboratively define the next S-curve to identify new opportunities for growth and innovation.
- 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.