Companies Can’t Be Great Unless They’ve Almost Failed

Companies Can’t Be Great Unless They’ve Almost Failed

By Fouad Bendris

What the best-performing stocks of the last 30 years have in common !The Wall Street Journal recently published a fascinating column on the best-performing stocks of the last 30 years. One intriguing feature of these enormous success stories is that so many of them are little-known companies in ordinary, sometimes downright boring industries: railroads, health insurance, back-office automation. The runaway winner, with a staggering stock price growth of 107,099% since 1985, was a truly obscure outfit called Balchem Corp., which makes flavorings and nutritional additives for animal feed — not exactly Google or Disney.

Fouad Bendris’s insight:
The more things change, it seems, the more the challenges of leading change remain the same. It’s still worth trying to “overthrow” your successful company, but don’t be surprised if long-term prosperity requires confronting its mortality.

Source:: Strategy & Governance

Share the Post

About the Author

Comments

Comments are closed.