Many companies may start their lives playing to win, but inevitably end up playing not to lose. It is this cycle of being proactive and then reactive that may become a fact for your organization.
Many books and blog posts have been written about the many reasons companies fail, a key reason is because they stop paying attention to customers, and instead focus on competitors. It is a very interesting dynamic to observe how companies may start innovating but then decide to align themselves with their competitors…
The question is: why?
The answer comes down to human nature. Success hides problems, and our tendency to become complacent after having some success puts us in a state of reaction. As a result, competitor activity becomes a huge source of anxiety and frustration for company leaders. For me, a clear signal that a company may be loosing its footing is when it talks a lot about what competitors are doing and how they have to match them; not what they are doing differently.
Sure, other competitors may take advantage of trends in technology and ride a wave that ends up disrupting existing businesses; but very rarely are companies created with a deliberate need to crush existing companies. That happens after the fact!
It is very simple, the future happens to you, not other competitors.…