IT’S NOT JUST ABOUT GUTS: A WHOLE LEADERSHIP APPROACH TO DESTROYING AND REBUILDING YOUR BUSINESS MODEL
Joseph Schumpeter, an economic historian writing in the last century, firmly believed that the process of innovation required for economic development demanded the “creative destruction” of the current order on a regular basis. Without this, he concluded, there could be no economic progress.
Massive complexity and widespread uncertainty, of course, give leaders pause as they contemplate this process. Destroying a business model in a calm environment is difficult enough; in an environment where leaders don’t understand everything that’s happening and can’t predict what’s next, they naturally may hesitate. It’s tough to take on challenging, ...
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