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Do You Have the Right Model?
February 1, 2011
We must concentrate not merely on the negative expulsion of war, but the positive affirmation of peace.
-Martin Luther King, Jr. (1929 - 1968), American Baptist minister and activist
-Martin Luther King, Jr. (1929 - 1968), American Baptist minister and activist
"The first clear stage is when next generation of innovations offer smaller and smaller improvements. If your people have trouble thinking of new ways to enhance your offering, that's a sign. Second, you hear customers saying that new alternatives are increasingly acceptable to them. And, finally, the problem starts to show up in your financial numbers or other performance indicators.
"There's always very early evidence that a business model is in trouble, but it usually gets ignored or dismissed. That's because at most companies the people at the top got there because of their success with the current model — so they have very few incentives to question its durability. So you get a denial reaction initially, followed by desperate attempts to eke just a little more time out of the existing model. The recognition that things must change happens only when it is far too late, and then change is much more painful than it had to be."
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Exchange Press's all-time bestseller, The Art of Leadership: Managing Early Childhood Organizations, serves as an invaluable guidebook for early childhood managers and textbook for early childhood instructors. The comprehensive guide, includes contributions from the leading experts in the field on the following management areas...
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ExchangeEveryDay is the official electronic newsletter for Exchange Press. It is delivered five days a week containing news stories, success stories, solutions, trend reports, and much more.
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