Being successful in business is about meeting your defined objectives and adapting to changes occurring in the global market. The ability for an organization to successful adapt to a rapidly changing environment leads to continued growth and success. Failure to adapt leads to stakeholder disappointment and eventually to extinction, if an organization cannot adjust to the situation.
Many organizations, who at one time in their history flourished, have been known to flounder because of loss of direction and vision. Keeping an organization moving forward requires strong collaborative team work to transition an organization from one stage to the next in its life cycle. Mistakes in strategy or implementation are punishing when your team fails to correctly identify an early opportunity. Early opportunities not acted on cease to be success possibilities.