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The Chris Voss Show

The Chris Voss Show Podcast – Businesses Don’t Fail They Commit Suicide: How to Survive Success and Thrive in Good Times and Bad by Larry Mandelberg

Dec 12, 2024
Larry Mandelberg, a renowned consultant and author, dives into the nuances of business resilience. He explains that businesses often don't fail but commit suicide through avoidable mistakes. Mandelberg shares personal stories from his family business, emphasizing the emotional challenges of managing success. He discusses breaking the 'whack-a-mole' cycle of unresolved issues, fostering a thriving workplace culture, and the importance of anticipating change. Listeners gain valuable insights into enhancing communication and decision-making for sustainable growth.
31:26

Podcast summary created with Snipd AI

Quick takeaways

  • A lack of clarity regarding an organization's purpose can create confusion and conflict among employees, undermining overall success.
  • Balancing operational consistency with the need for flexibility is crucial for businesses to thrive amidst the challenges of growth and change.

Deep dives

The Core Reasons for Business Failure

Three fundamental reasons contribute to business failure, none of which pertain to financial issues directly. Firstly, a lack of clarity regarding the organization's purpose often leads to confusion among employees, as many may not agree on the company's mission. Secondly, consistency of performance is critical; businesses like McDonald’s succeed not just because of their products but due to their unwavering commitment to operational consistency. Lastly, the engagement of employees is crucial, as workers who feel valued and aligned with the company’s success become intrinsic to its achievement.

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