These Reasons Emanate From the Common Mother Source
Most businesses fail to take off
or fail to achieve their potential due to multiple reasons. There may be an underlying
logic, to explain these failures, such as poor decision making, lack of market
intelligence, not playing to your core business strengths, unprofessional
approach towards business, ineffective team configuration, inappropriate
business model etc, and this logic may seem to be the apparent origin of these failures,
but a careful analysis reveals that most of these reasons emanate from another common
mother source. This common source of business failure is the arrogance of the
business owner, where the business owner considers himself to be the know all
and deliberately fails to succeed by failing to recognize the key elements of
the professional management approach responsible for the success of the worlds’
best business organizations.Failure to Respect the Expertise
It is like being your own doctor,
manufacturing your own footwear for personal use, teaching your kid at home
instead of sending to school etc, and if such an approach is adopted it would surely take the human civilization back to the inefficiencies of the stone age, as all these examples point towards an attitude of
arrogance , of disrespect towards the specialists by failing to engage them for
getting their best. It is absolutely critical for the business owner to
understand the scientific principles of division of labor and their linkages
with the business economics, where each specialized job is handled by a
specialist department or individual, but if business owner fails to respect this
expertise, there is a high probability of failure as far as accomplishing the
desired business results is concerned.
Is Your Business Suffering Because of Your Arrogance?
Check list to know if your
business is suffering because of your arrogance
- Am I aware of my core strengths?
- Do I engage experts for business areas not falling with-in my core strengths?
- Have I identified a team of reliable business consultants?
- Do I take help of professional consultants while working outside my core strengths?
The affirmative answers to these
questions indicate that you are not suffering from arrogance symptoms but if
there are one or more negative answers then you need to review your business approach as well as performance.
What’s the answer?
The
answer lies in improving the probability of your business success by knowing your
key strengths, identifying, authenticating and engaging the source of expert
knowledge for the weak-links highlighted by your SWOT analysis to take your business to the next level.
The author of this article is a consultant &
trainer and may be reached at admin@successnsynergy.com for any consulting or training
requirements that you may have in any of the subject areas covered in this
write-up alternatively you may visit our website www.successnsynergy.com for more
details
