2023 bankruptcy filings’ current pace could push the total for 2023 past the total for 2020. The year 2023 year-to-date filings exceeds the filings in 2021 and 2022. The year 2023 would be the worse year since 2010 at the current pace. See the details here.
Business as usual and the ability for leaders to change direction isn’t working for some.
Where is business as usual not the model? Space exploration has been around since the 1960’s. Now, SpaceX has changed the business model completely. Space exploration is rocket science and SpaceX is leading the way.
Your company’s business model – if it is business as usual, will your company survive? Are changes necessary?
The road forward considering political, economic (interest and inflation), social, wars and labor unrest conditions are contributing to business challenges.
There are opportunities to discover that can contribute to your business. Does your company have structured opportunity reviews like it does operational reviews? There are opportunities out there.
All the best for your existing business and innovation journey to be built to last.