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Transforming too early carries its own risks, as Netflix experienced when it prematurely split the company in two and had customers nearly revolt. So, how can you identify the magical moment when there’s sufficient time and degrees of freedom to act? “Two Routes to Resilience” article co-author and Yale School of Management professor Richard Foster suggests four ways to determine whether you should embark on a corporate transformation effort:
Signs suggesting the looming need for transformation aren’t always obvious, and they are never unmistakable until it’s too late. But picking up on the weak signals and getting the timing right can be the difference between stepping boldly into the future or jumping, panic stricken, from your burning platform into an unforgiving sea, Scott Anthony reminds us.
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