Many companies, as good as they may be, engage in self-destructive behaviors. Some companies that seem to be doing well and are on top of their industry can, in a very short time, spiral downward into a disastrous cycle. These companies may possess top leaders and managers, have a proven track record of success, an excellent competitive position, and equally outstanding products and\/or services. Why, then, do companies such as these go wrong? This question is one that has plagued academia for ages.<\/p>\n
Most companies depend and focus on a core competency for success. But sometimes, a core competency can become obsolete or noncompetitive. Somebody else can be doing a better job, creating disruption, and if a company is unable to figure out what to do, it has become competency-dependent. This becomes a self-destructive habit when it limits decision-makers\u2019 vision and blinds them to other opportunities.<\/p>\n
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1<\/sup><\/i>The Self-Destructive Habits of Good Companies \u2026 And How to Break Them AUTHOR: Jagdish N. Sheth <\/i>PUBLISHER: Wharton School Publishing 2010<\/i><\/strong><\/p>\n The curse of core compentency. When a competitor causes disruption, companies often limit decision-makers’ vision and which blinds them to other opportunities<\/p>\n","protected":false},"author":1,"featured_media":2549,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[66,120,57,128,154,18,24,138,129,133,124,28,99,172,136],"tags":[],"class_list":["post-2544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-process","category-business-transformation","category-culture-change","category-industrial-manufacturing","category-information-technology","category-leadership","category-lean-six-sigma","category-manufacturing","category-mediaandentertainment","category-operational-excellence-2","category-pharmaceuticalsandmedicalproducts","category-strategy","category-supply-chain-optimization","category-technology","category-turnaround","post-with-thumbnail","post-with-thumbnail-icon"],"yoast_head":"\nThings that lead to the habit of competency dependence:<\/strong><\/h4>\n
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The warning signs of competency dependence:<\/strong><\/h4>\n
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How to break the competency dependence habit:<\/strong><\/h4>\n
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How to prevent the competency dependence habit:<\/strong><\/h4>\n
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