On down through the Middle Ages
When the earth kept going through changes
There’s a business going on, cars continue to change
Nothing stays the same, there were always renegades
Afrika Bambaata & The Soulsonic Force
(Renegades of Funk ♦ Planet Rock)
Is the only constant change? BPM believes this to be the case. Reinvention and innovation are the hallmarks of any long term executive player. At the risk of contradiction, having a brand for the way in which you conduct business with the world is great, but you need to be able to adapt that brand with the times. Business continues to evolve, and you do not want to spend your life in an Edsel when the new BMWs are coming around the corner. Again, don’t lose focus on your basic mission, but certainly work that mission so that it remains relevant to the changed surroundings.
BPM TAKEAWAY#8:
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IF NECESSITY IS THE MOTHER OF INVENTION THEN REINVENTION IS A SECOND MOUTH THAT MOM HAS TO FEED
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INNOVATE OR DIE
Surfing… Ghana? Outside the box, indeed; and this would seem a paradox to your point of tradition being important but I know it is entirely consistent (why you posted it in the first place!). Here’s a favorite quote from one of my mentors, Albert Murray: “not only is tradition that which continues; it is also the medium by which and through which continuation occurs.” (Hero and the Blues, 72)
Tradition is all about change and continuity; adaptation. We can think of it as a series of tests, generations of trial-and-error, that result in fully vetted habits, strategies/coping mechanisms, that work. Culture captures complexities that economic (mathematical, etc.) models do not. Culture endures, long term. Fads fail. Business that endure are those with a culture designed to adapt o changing conditions. Why it’s so important for a business to align its strategies with its core beliefs and make sure front line employees are looped in.
Great quote. Interesting to think whether the core competency can evolve but the core beliefs remain. Ghana has always been in tourism biz – but now it has shifted the compentency slightly (surf) without shifting the core belief (tourism $=good)….thanks for the thought. The BPM
Absolutely — core competency can evolve even as beliefs remain. Beliefs are the “values” or “integrity” that guide the system. From the “core” various manifestations can emerge (surfing). Apple can create many different products, they are “different” but come from the same core competency.
Was interesting to read ideas on bhorowitz.com, re: benefits of retaining a founding CEO. Dealt with this professionally several years ago and thought founder needed to go, was a lag on growth. He just couldn’t embrace the changes necessary to diversify and grow. During the process of his ouster, I learned his primary concern was in retaining core beliefs as we diversified and realized new areas of growth. Ultimately, he was outted and the growth that occurred definitely changed the core competencies of the company; it no longer exhibited his core beliefs. Company became something so different from the original that it was unidentifiable. New CEO did not have same value system, core beliefs. Aligning interests in succession planning is important to retaining core beliefs and embracing a new growth model.
Thanks for sharing those observations….agreed that @bhorowitz had a thoughtful approach…and thanks for this link: http://blogs.hbr.org/cs/2012/04/just_how_powerful_are_you.html