Andy Grove, co-founder and former CEO of Intel, once defined
“strategic inflection point” as “a time in the life of a business when its
fundamentals are about to change.” The fundamentals may be changing because
of:
- New competitors,
- Emerging technologies,
- Maturing markets, or
- A host of other reasons.
But the key challenges for the owner/CEO remain the same:
- Recognize that the fundamentals are changing (better yet, anticipate the changes)
- Identify the ways in which they are changing
- Figure our what skill sets are necessary to respond to the changes
Strategic inflection points often require very different managerial capabilities from those which previously made the organization successful. The companies which adapt quickly will more likely survive and prosper.
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