The Rolls-Royce CEO Warning
![](https://happyrichadvisor.com/wp-content/uploads/2019/12/amrPandit-150x150.png)
![](https://happyrichadvisor.com/wp-content/uploads/2019/12/amrPandit-150x150.png)
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.
![](https://happyrichadvisor.com/wp-content/themes/mfatheme/imgs/calendar-icon.png)
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
Transformation or Transaction
Pretend for a moment like you have not seen the above Sketch. Which one of the two is truly powerful - Transformation or Transaction? I am asking this in a general sense. Whi ....Read More
15 October, 2021 | 2 Minute Read
Nano Learning
The Explorer
An Australian Advisor said a fascinating thing. She said “Most advisors might be good technical people, but they are not truly entrepreneurial. They are not Explorers. Their bus ....Read More
11 June, 2021 | 2 Minute Read
Nano Learning
From Inertia to Influence
Many people find it challenging to take the first step. I am very comfortable in taking the first step. I see this as an important insight many founders and financial professionals ....Read More
23 February, 2024 | 2 Minute Read
Nano Learning
The Forgotten Rule
David Viscott in his book “Risking”, wrote, “If you cannot risk, you cannot grow. If you cannot grow, you cannot become your best. If you cannot become your best, you cannot ....Read More
26 May, 2023 | 1 Minute Read
Nano Learning
The Billionaires’ Blueprint: Acting Now to Shape the Next Decade
The reason you are seeing success today is because of something you did 10 or 15 years ago. You planted a seed then...It’s now grown into a tree. Isn’t it right?
2 February, 2024 | 2 Minute Read
Nano Learning
It’s Priority
In his book “Essentialism – The Disciplined Pursuit of Less”, Greg McKeown wrote, “The word priority came into the English language in the 1400s. It was singular. Priorit ....Read More
27 January, 2023 | 2 Minute Read
- 0
- 0
0 Comments