Is Your Organization In The 17% Or The 9%—Or Somewhere In Between?
The statistics for organizational sustainability after an economic crisis are not pretty. Three years post-crisis, 17% of organizations fail, as we’ve seen in past crises. The majority struggle to get back to where they were in terms of revenue and market positioning. Only 9% were considered a success and prospered during that three-year time window.
These statistics were outlined in a thought-provoking piece by Ranjay Gulati and Mark Wiedman in Harvard Business Review (see What Really Prevents Companies from Thriving in a Recession). The authors’ take is that the differentiator of success (or not) in an . . .