When To Exit and Let Go
The August McKinsey Quarterlly newsletter has a very interesting article focused on when to exit a failing venture. While based on the perspective of the for-profit world, there is much that is applicable to our non-profits, where we seldom sunset, retire or exit from anything, whether it is failing or not, and regardless of life-cycle viability. Even programs and products that aren't failing deserve considertation for retirement, if there are other higher priority opportunities or threats that must receive attention and resources.
Did I mention that we often wonder why our associations don't have consistent new product development, aren't agile organizations and don't model innovative and entreprenurial business processes?
Readers can access the full premium article, free of charge through Aug 28. It may help in future conversations with volunteers and staff. Carter's Mantra No. 1: You can't add something new to the wagon, if you don't take something old off first.
URL is: http://www.mckinseyquarterly.com/article_abstract.aspx?ar=1768&l2=21&l3=37&srid=63&gp=1
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