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PhilTake #29 - The Sidelines, Part 4

Every business has six critical elements called Morphemes. Morpheme #1 is The Premise (covered in PhilTakes #16-20). Morpheme #2 is The Promise (PhilTakes #21-25). PhilTakes #27-28 introduced Morpheme #3, The Sidelines, and highlighted high profile examples of companies stepping outside these limitations that external forces put on your business.

In hindsight, executives of both companies probably regret their decisions. It’s too late for them, but it isn’t for you. Every business leader makes decisions, and these decisions encounter sidelines. Sometimes it’s easy to just ignore the sidelines, because you might see them as a hindrance, or costly, or maybe just inconvenient.

As executives from Volkswagen and Peanut Corporation of America will attest, the long-term effects of crossing sidelines outweigh any short-term gain.

PhilTakesSM are distributed twice a week on LinkedIn, Facebook and philyale.com. Review previous posts and locate additional information on the PhilTakes tab on philyale.com, and invite Phil to speak to your business group or service club.​

#promise #premise #morpheme #sidelines #limitations

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