Inertia or Change? Try Continuous Renewal!

Abstract

In this article, the authors highlight the need for continuous renewal in even “great” companies and contrast that to the portfolio renewal techniques of “better than average” private equity firms. Regression to the mean and the 80/20 rule are still alive even in the best companies. The authors remind us that managing all business units, products, and services as portfolios can help your organization avoid strategic inertia and move toward continuous renewal.†† Renewal means there are no sacred cows and to keep a clear and constant focus on the customer.