Can business success lead to business failure?
Yes. I’ve allowed it to happen.
Five years removed from my time at one business, I had time to do an autopsy. Here is what I learned.
A few months ago, Chris LoCurto posted about what he calls the clarify paradox. The question he asked is:
Why don’t successful people and organizations automatically become very successful?
He then presented four stages which moderately successful business often go through:
Phase 1: When we really have clarity of purpose, it leads to success.
Phase 2: When we have success, it leads to more options and opportunities.
Phase 3: When we have increased options and opportunities, it leads to diffused efforts.
Phase 4: Diffused efforts undermine the very clarity that led to our success in the first place.