AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
BOSSY
How to Escape Business Slumps & Dangerous "Stagnation" Territory
Dec 14, 2023
This podcast discusses ways to escape business slumps and dangerous stagnation. They delve into case studies of converting stagnation, music and fashion for beating slumps, pivoting out of bad periods, and successful turnarounds by companies like Sprint and Applebee's. They also explore signs of dangerous stagnation and the myth of sunk costs.
38:29
AI Summary
Highlights
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Recognize red flags indicating stagnation in business such as lack of purpose and innovation.
- Knowing when to pivot or stay the course can be challenging, but having a metric of success and embracing change can lead to growth.
Deep dives
Maintaining vs Growing a Business
Maintaining a business is not necessarily a bad thing, but it is important to have something moving forward to keep the business motivated. Lack of clear purpose, waning enthusiasm, disengagement from others, lack of innovation, infrequent wins, and process trumping curiosity are red flags that something is wrong.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode