Bob Herbold: Speaking Activities

Success Traps: How to Avoid Them

This presentation is particularly useful to groups that have been fairly successful in the past and are relatively stable, but are having some difficulty dealing with issues such as a change in the competitive landscape, new technology, new customer needs or simply the natural evolution of an industry. Here is a summary:

This presentation is particularly useful to groups that have been fairly successful in the past and are relatively stable, but are having some difficulty dealing with issues such as a change in the competitive landscape, new technology, new customer needs or simply the natural evolution of an industry. Here is a When an organization or an individual experiences a meaningful level of success or a period of stability, they tend to believe that con;nued success into the future is an entitlement. In many cases, they become complacent, comfortable, and bloated, when, in fact, what they should be doing is building upon all the things they have done well in the past, probing to uncover fresh approaches, improving their products and services, and staying lean and agile. This leads to several dangerous business traps that can cause serious problems. Unfortunately, the business pages are filled with sad stories of once successful organizations that, after reaching the top, could not keep it going; could not sustain their success.

It is important to realize that this happens to both individuals and organizations. Those organizations can be huge companies, as they succumb to the perils of success the same way small companies and individuals can.

This presentation discusses the human behaviors that cause the complacency and the resulting business traps that generate havoc. Most importantly, numerous approaches are discussed for dealing with these problems or preventing them from ever happening in the first place.