Last week, we asked: Which of the following poses the greatest risk to your business?
- Lack of diversification: 14.29%
- Rapidly changing markets: 22.53%
- Access to the right talent: 31.68%
- Aggressive competition: 19.6%
- Shifts in technology: 11.9%
Many Threats. Threats abound. Market shifts, lack of talent, competition, and lack of diversification all threaten us every day. The question for leaders is are you proactively assessing these threats and steering your organization past them? If not, you’ll constantly be reacting to the changes and your business will always be a step behind. If you take some simple steps today (for example, taking these measures to diversify your business) you can avoid major headaches down the road.
Mike Figliuolo is managing director of thoughtLEADERS and author of “One Piece of Paper: The Simple Approach to Powerful, Personal Leadership.”