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Geoff Colvin: The Upside of the Downturn
Geoff Colvin: The Upside of the Downturn

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The business world - as it relates to strategy and human capital.

Kodak CEO Steps Down - Film @ 11

Thursday, May 12, 2005



If for a second you think this whole change game is easy.. let's go back to my favourite case study of a company whose strategic plan should have been 3 words long:

Change or Die.

Burdened with a 12 Billion dollar company, where 70% percent of the business was rapidly becoming obsolete, Kodak CEO Daniel A. Carp stepped down because he couldn't turn the ship around fast enough.

From the Washington Post:



I always find it concerning when an organization finds itself in a situation where it is fighting for its life, and they refer to it as 'painful' not invigorating, motivating, or revitalizing...



The point is - change now, while you can, while it can be 'fun' and while you have the chance.

I don't care how big/popular/successful you are, get the wrecking ball out now..