This is my take on when management are stuck in their ways and when wanting different results, old ways won’t open new doors.
Recently, I got into some frustration with a new client coming on board with one of our companies MarGen and why I will still work with them despite these frustrations. Usually, when a client is difficult, I will not deal with them and refuse to put my team through any potential problems with these types of clients. But this one is different and I want to help them… let me explain!
Now when I see that I refuse to deal with difficult clients, I mean those that want everything for nothing, always want to change the parameters and treat your staff like shit. I won’t allow them or their toxic mentality to break into my business. I wish them all the success, but I won’t have anything to do with it.
The business I am talking about is difficult in a different way and for a lot of the staff involved, through no fault of their own.
You see, the business is very large – Over $1B Rev each year. Now while we deal with a lot of companies in this range, the problem comes when the top-level team of management are stuck in their ways but ask their staff for new and improved results. As they say, old ways won’t open new doors.
Look at how some businesses thrived when the internet came along and others perished, holding on for dear life to brick-and-mortar in the hopes that people would flush through the doors.
The team that we are dealing with is the new development team and is essentially a completely new team, put together to create new revenue streams for the business. Great… however they aren’t really open to new ideas (or at least the people above them aren’t).
The process of onboarding for us in this business is 2-7 days. This client has taken 3 months of back-and-forths and I feel for the team as they are stuck in this frustration of being told to source new revenue streams and then being denied everything they come up with. Normally I would tell my team to cut ties but I like them and they are great people, so I want my team to be involved with them.
But this is the problem…
Old Ways Won’t Open New Doors
For businesses, growth is key. But oftentimes doing what’s been done before won’t open new doors for business development. For entrepreneurs and small businesses looking to break into new markets or expand their reach, there are a variety of ways to do so.
One way is to develop a new product or service that appeals to customers in the niche market that your business can serve.
One key thing you should do as any type of manager is listen and encourage your team to come to you with new ideas – reward it. If you think that as a manager, only you have the great ideas… your an idiot. Sorry, but it’s true and this mentality with have your staff leaving left, right and centre.
Find new partners or investors who can help you grow your business.
Always be open to new ideas and ways of doing things- even if they seem unconventional at first.
Remember, Old Ways won’t Open New Doors. These are just a few suggestion that can take any business in a new and exciting direction so you can start seeing growth and success in the future.
Lack Of New Ideas Lead To Stagnation
A company that is comfortable with its current situation and lacks new ideas could lead to stagnation. This is especially true if the company does not have a growth mindset, which is the belief that any opportunity or challenge can be approached with excitement and optimism. When companies lack new ideas, they may become complacent and stop pushing themselves to grow. They may also lose out on opportunities to tap into new markets or partners, which could harm their competitiveness in the long run. A growth mindset can help companies take advantage of these opportunities by fostering innovation and creativity.
Stagnation And The Impact On Employees
The employees within this kind of environment feel discouraged from sharing their new ideas due to either a fear of rejection or simply don’t see the point in wasting energy in sharing ideas that will clearly get rejected. This creates motion within teams that the company is uninterested in their ideas and ultimately, them as employees.
This type of atmosphere can lead to stagnation in business growth and management. Employees need to be encouraged to share their ideas so that they can improve the company’s performance.
Conclusion: A Company’s Unwillingness To Accept New Ideas Nearly Always Has A Negative Impact In The Long Run.
As a business owner, it is important to be open to new ideas and developments in order to maintain growth. Unfortunately, one of the key ways that a company can develop is through new business development.
A reluctance to accept new ideas could have negative consequences in the long run, as it would prevent the company from exploring potential opportunities and expanding its reach. This can limit future opportunities for growth and could ultimately lead to lower profits. In order to ensure that your company maintains a competitive edge, it is important to be open to new ideas and developments.
Remember… Old Ways Won’t Open New Doors