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Lucky Marshmallow's avatar

An update to the post:

I recently began reading 'Only the Paranoid Survive' written by the erstwhile CEO Andrew Grove. It is a fascinating book on the idea of 'Strategic Inflection Points' in the journey of any corporation. In the book, Mr. Grove refers to situations where new management can perform much better than old management - even when there is no difference in skill between both. His reasoning was interesting and I found it relevant to the post above. Below is one excerpt:

"Senior managers got to where they are by having been good at what they do. And over tie they have learned to lead with their strengths. So it is not surprising that they will keep implementing the same strategic and tactical moves that worked for them during the course of their careers- especially during their 'championship season.'

I came this phenomenon the inertia of success. It is extremely dangerous and can reinforce denial."

Here is another excerpt:

"Ever day, it seems, leaders who have been with the company for most of their working lives announce their departure, usually as the company is struggling through a period that has the looks of a strategic inflection point. More often that not, these CEOs are replaced by someone from the outside.

I suspect that the people coming in are probably no better managers or leaders than the people they are replacing. They have only one advantage, but it may be crucial: unlike the person who has devoted his entire life to the company and therefore has a history of deep involvement in the sequence of events that led to the present mess, the new managers come unencumbered by such emotional involvement and therefore are capable of applying an impersonal logic to the situation. They can see things much more objectively than their predecessors did."

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Vijaya Pernenkil's avatar

I loved reading your Article, very informative and inspiring. Thank you for sharing your knowledge Rohith. Wishing you all the very best in life.

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