Are You Ready For Constant Business Evolution?
Change for change’s sake can destroy company value through misguided pivots.
But complacency makes businesses vulnerable to disruption.
Here are 4 questions to determine if you’re fit for constant evolution:
⬜ Is your cash flow consistent enough to fund pivots? Reinvention requires capital. Build reserves and access financing.
⬜ Do you have an entrepreneurial culture? Change-averse teams struggle with regular pivots. First build a dynamic, creative environment.
⬜ Are you metrics-driven? Reinvention depends on testing and willingness to abandon what isn’t working. Data should guide decisions.
⬜ Is your sector rapidly evolving? Fintech, biotech and other disruptive fields require constant innovation just to survive, let alone thrive.
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