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 Most Important Days of your Life
I am sure most of you can guess the first one. The Day you were Born.
The Second is the Day you figure out WHY you were Born?
Have you found your Second Day yet?
I found my s ....
Read More
1 January, 2021 | 2 Minute Read
Nano Learning
Impatience and Patience
James Clear (Author of Atomic Habits) wrote this wonderful idea.
“Mastery requires both impatience and patience.
The impatience to have a bias towards action, to not waste ti ....
Read More
3 December, 2021 | 2 Minute Read
Nano Learning
The Miracle Moment
Shane Parrish in his blog Farnam Street wrote “Everyone looks for the miracle moment – the moment when success happens.
We are drawn to these moments because we want to know ....
Read More
20 January, 2023 | 2 Minute Read
Nano Learning
An Amazing Exercise for the New Year
Time flies faster than you think it does. By the time you are reading this, we would have been through the first thirteen days or 3.56% of the New Year. There is no denying this f ....
Read More
13 January, 2023 | 2 Minute Read
Nano Learning
The Unexpected Key To Achieving Our Ultimate Goals
Today’s visual, shared by our partner Mr. Hemant Dighe, strikingly illustrates a compelling message: while competition often confines us within the boundaries of individual ambit ....
Read More
3 May, 2024 | 2 Minute Read
- 0
- 0
0 Comments