The enemy of past success

by Magnus Penker on December 16, 2010

There is nothing more dangerous believing you are successful, nothing in the past success guarantees any future success. It is your perception and capability that impact future success. Even things happening that are feelt to be out of you control you can still adopt to it, overcome it and finally learn how to live under uncertainty.

In Jim Collins new book, How The Mighty Fall: And Why Some Companies Never Give, you can read more about the five steps to check mate:

Stage 1: Hubris Born of Success

Stage 2: Undisciplined Pursuit of More

Stage 3: Denial of Risk and Peril

Stage 4: Grasping for Salvation

Stage 5: Capitulation to Irrelevance or Death

By applying scenario planning and risk management, defining and adopting your core capability to match a core need on the market within a unique competing space, driving for innovation, never giving up, always challenge yourself and never get fat and happy you have a rather good chance of getting a long successful track record.

About Magnus Penker :

Director-level consultant defines corporate strategy, sets direction, executes growth and turnaround business plans. Read more at http://www.linkedin.com/in/magnuspenker

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