Profitability Archives - The Empowered Business

7 Leadership Pitfalls That Sabotage Company Growth

What’s sabotaging your growth?

Driving profitable growth is at the top of every leader’s priority list. Yet, according to Bain and Company, only 10% succeed in achieving sustainable profitable growth.

While growth is the life-blood of every business, at some point, your company will experience the double edge sword of growth.

Either your company will grow faster than your internal capacity to handle it. Chaos, breakdowns and burnout are the result.

OR

Your company hits a wall and growth flattens. As a result, panic often sets in and leaders make rash decisions – either prolonging the stall or causing the company to spiral downward.

2015 Leadership Predictions:

7 Big Changes Every Leader Wants to Know About

Do you know how current trends will change the face of leadership in your company?
Is your company ready to meet the new leadership challenges in the coming years?
Are you aware of how leadership is evolving to respond to those trends?

Every leader knows the importance of being strategic. Being strategic means looking into the future and identifying trends, opportunities and threats.

Below are my 2015 leadership predictions – threats, trends and opportunities – that will change the world of leadership as we know it today.

1. Complexity is the new normal.

The ONE Question Every Leader Needs To Ask

Today’s companies have it all backwards. Leaders have a thirst and drive for answers to their biggest challenges.

Thousands of leadership books are published yearly to feed that thirst. Buying those books to find the right answers for your company is where leaders make their biggest mistake.

Leadership is NOT about having the right answers. It’s about asking the right questions.

If you’ve read my article “12 Strategic Thinking Questions That Yield Big Results,” you know why questions are so powerful and how they can change organizational results … overnight. If you have not, click here.