When the way things used to work no longer applies, it’s tempting to redouble your efforts, or to flog the dead horse.
In their book Net Ready, Amir Hartman and John Sifonis offer bit of humour, underlying the folly of flogging the dead horse. The answer they say is “when you discover you’re riding dead horse, the best strategy is to get off and quickly find new mount”. In business, it’s often difficult to get out of our investments in dead horses, which leads us to try other strategies to breathe life into hopeless investments, including the following:
1) Change riders
2) Buy stronger whip
3) Harness several dead horses together for increased speed
4) Emulate the best practices of companies riding dead horses
5) Outsource the ridership of the horse
6) Affirm that “this is the way we have always ridden this horse”
7) Change the requirements, declaring that “This horse is not dead”
8) Perform cost analysis to see if contractors can ride it cheaper
9) Promote the dead horse to management position
10) Have the lawyers bring suit against the horse manufacturer
11) Put out news release that, in the unlikely event the horse is dead, it was dead before it ever came to the company.
Forming partnerships with Māori business
Guest Contributor
November 18, 2024
Broadcaster and journalist Mike McRoberts (Ngāti Kahungunu) will be speaking to directors and the business community at an Institute of Directors’ event Te Ōhanga Māori: Connecting with the Māori economy.
