Progress in business isn’t linear; it consists of periods of steady development, punctuated by turning points.
The turning point is the point at which the things you used to do, and the ways you used to do them, don’t work as they did.
Handle this moment badly, and you are left with the frustrating sense of being stuck on a plateau, working harder and harder to achieve the same or less, slowly deteriorating while a more exciting future remains permanently within sight but out of reach. Or, in the worst case, it is the prelude to a rapid collapse a la Nokia or Kodak.
Handle this moment well, on the other hand, and it is the start of reinvention and rejuvenation. Maybe even the discovery of the secret of eternal life (corporately speaking, that is).
Is your business at, or near, a turning point? Answer the questions below to find out.