The Rolls-Royce CEO Warning
Amar Pandit
A respected entrepreneur with 25+ years of Experience, Amar Pandit is the Founder of several companies that are making a Happy difference in the lives of people. He is currently the Founder of Happyness Factory, a world-class online investment & goal-based financial planning platform through which he aims to help every Indian family save and invest wisely. He is very passionate about spreading financial literacy and is the author of 4 bestselling books (+ 2 more to release in 2020), 8 Sketch Books, Board Game and 700 + columns.
March 10, 2023 | 2 Minute Read
Several weeks ago, Rolls Royce CEO, Tufan Erginbilgic told company employees at their main British site in Derby, that the company’s performance was “unsustainable”, and that it had a “last chance to change”.
While we all know Rolls-Royce for its cars, this is actually a world class company whose engines and systems are used on airplanes, ships, submarines and in power generation.
He said, “What has worked in the past will not work in the future. We need to think differently and more importantly act differently. We must transform or we will not survive.”
Can you believe the CEO of such a powerful company and brand saying this?
The truth is he was being honest about his company. And it takes guts to say this openly.
Needless to say, the same words apply to our industry and profession too.
But are we this honest?
Are you?
What has worked in the past will not work for us in the future (even though it may seem like it will). Thus, we don’t have a choice. We must transform.
Now imagine that your company is listed on the stock market with the same resources you have today.
Would you continue the way you have been so far?
I don’t think so.
Will you then act differently, or will you simply let the value of your company erode in front of your eyes?
In our industry, we don’t see our market (enterprise) value on a regular basis because we are privately held. Thus, we don’t see the impact of our actions or indecisions on our business on a real time basis. Additionally, we have the luxury to ignore the impact. Because there is no one to hold us accountable.
We all have to make a choice between these two options- Transform and Thrive or Resist Change and Decay (and Die).
The best (no matter the industry/profession) choose the first.
What about you…?
Similar Post
Nano Learning
The 2 Types of Clients
I came across this outstanding tweet that I am sure you will find super insightful. This is simply spot on. A visual that explains the two types of clients extremely well. We a ....Read More
13 May, 2022 | 2 Minute Read
Nano Learning
The Beauty in a Burger Bun
Did the headline come across as odd or out of place? Odd as it may be, there is an important lesson in it for all of us. In his book “True Professionalism – The Courage to Care ....Read More
30 June, 2023 | 2 Minute Read
Nano Learning
The Biggest Client
I asked many of you a simple question. Who is your biggest client? There were different names that I received. Try answering this question, chances are a name or two must hav ....Read More
22 March, 2024 | 3 Minute Read
Nano Learning
2 Things happen when you do something
When you do something, there are 2 possibilities. You Win or You Learn. Either way, you Win. This is how Champions think. People with a Mediocre or Fixed Mindset think about fa ....Read More
25 September, 2020 | 2 Minute Read
Nano Learning
Your Tribe
Another lovely idea from James Clear. “If you want to be in the top 1% of a particular domain, then you can’t take your cues from and follow the social norms of 99% of peopl ....Read More
10 December, 2021 | 2 Minute Read
Nano Learning
An Exercise for every Financial Professional
Take a Pen and Pad. I am waiting. Now sit down and write down the following questions. 1. What are the Top 3 reasons you wake up every morning? Yes, you can call this your goals. ....Read More
25 December, 2020 | 2 Minute Read
- 0
- 0
0 Comments