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The Six Disciplines Blog


Friday, April 25, 2014

Why Do Most Companies Fail? Hiring Is At The Core

Why do most companies fail?

  • Most companies fail primarily because they don’t have the right team of people
  • The CEO might not be right, or the CEO hasn’t chosen the right people in the right positions
  • Unfortunately, most new CEOs don’t understand the talent level required at each position and the teamwork needed to build a successful company.
  • To have a successful company, most businesses need key people in several categories including research & development, manufacturing, IT, finance, marketing, sales, and HR.

BOTTOMLINE: Hiring right (from position description, to sourcing, to interviewing, to selection, to assessment, to hiring, to orientation, to development, to succession planning) – are all keys to building the right team. Done properly and repeatedly, the organization thrives. Ignore it, and the organization is doomed to failure.

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Since 2005, the Six Disciplines blog offers posts about performance excellence, strategy execution, business coaching, leadership development, innovation, and business process improvement. This blog has received prestigious awards for leadership and management and has been syndicated by several major media sources.