The President of a $1 billion company once asked me to describe his organization in one word. My response?”Anorexic.”The Vice Presidents who sat around the table nodded in agreement. They assumed that I meant there was no fat left to cut. That is not what I meant.Anorexics often have relatively “high” body fat percentages because their lean body mass erodes along with the fat.This is what many organizations have done. An an effort to cut costs, in addition to cutting fat, they also cut large amounts of lean body mass.Are you thinking of further cost cutting? If so, what are you eliminating? Fat? Bone? Muscle? Vital organs? No company in history has ever “cut” its way to long-term success.Exercise grows muscle while burning fat.Innovation is exercise for businesses. It helps grows the organization while also enabling cost efficiencies.During the depression, Henry Ford said, “A man who stops advertising to save … Continue reading →