Ep 349: 5 Reasons Why Big Companies Fail

<p><strong>Great companies fail because of 5 Reasons</strong></p> <ol> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Fail to innovate (AOL)- Sear, JCPENNEY, </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Don’t believe they have competition (Blockbuster vs. Netflix)</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Hold on to the past achievements (Kodak, Xerox, etc.)</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Next leader up in not ready (Ford vs GE with Jack Welch)</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Too Big to Stay Great- IBM</span></li> </ol>