Building the Better Biz
Is your company tough and tenacious or lithe and limber?
URL:
http://www.entrepreneur.com/magazine/entrepreneur/2006/june/160156.html
There are two interpretations of "survival of the
fittest." The first and more widely accepted is the idea of
being competent and able--as in being physically fit. The first
interpretation fits well with the saying, "Only the strong
survive."
The second and less accepted interpretation is survival of the
most adaptive or flexible--survival belongs to those that can
fit in a new environment.
In January, General Motors Corp. announced it was seeking to cut
costs by $11 billion. It plans to achieve these cost savings by
reducing worker health-care benefits, letting go of 30,000 workers
and closing or consolidating a dozen plants.
In that same month, Google opened an office in Phoenix.
Suddenly, local companies were losing IT workers to the high pay
and benefits Google was offering.
GM and Google are examples of the two definitions of
"survival of the fittest." Suddenly, the biggest and
strongest automaker in the world is finding it more difficult to
survive, simply because it wasn't flexible or able to adapt. At
the same time, Google, a young company, fits into the new economic
environment and has become the new 800-pound gorilla of the
business world.
The comparison of GM and Google holds valuable lessons for all
entrepreneurs. What kind of fit do you and your company want
to be? Do you want to be fit by being the biggest and the
strongest, or by being adaptive and flexible? Are you building a
company that looks like a muscle-bound bodybuilder, or are you
building a company that looks like a yoga instructor?
As an entrepreneur, my company's growth and success are
dependent on being strong as well as flexible. Adapting means
keeping an open mind and not becoming too attached to
yesterday's successes. It also means hiring strong and flexible
people rather than bodybuilders bulked up with degrees and
corporate titles. Though both types are strong, the question is:
Which body type and, ultimately, which company type, is best
designed for survival?
Robert Kiyosaki, author of the Rich Dad
series
of books, is an investor, entrepreneur and educator whose
perspectives have changed the way people think about money and
investing.
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