Imagine the value creation possibilities for your company, your community, your region, your country and the global economy if leaders actually succeeded more than they failed.
The Disturbing Facts: According to Dr. Kotter and his research at the Harvard Business School, just 5% of all organizations implement their strategies successfully. A Bain Consulting Study uncovered that 7 out of 8 companies failed to achieve profitable growth (defined as 5.5% annual real growth), when 90% had strategic plans with targets exceeding this growth rate. Statistics Canada recorded a net decline of 4810 SMEs (Small Medium Enterprises) in 2013, with 83,240 companies disappearing compared to 78,430 new start ups. Research by Intuit Canada ascertained that 50% of all new start ups fail by year 5.
How can this be? Particularly when the experts have taught us all sure enough pathways to success like; the 5 forces of competitive advantage; how to leap past good to great; the little things that make a big difference to reach the tipping point; by starting with why we’ll inspire unprecedented achievement; and a plethora of other nuggets of leadership wisdom and business acumen.
With all of this insight, why then do the vast majority of Executives and Entrepreneurs fail to deliver?