#583 Prevent Business Failure: Larry Mandelberg on Thriving in All Economic Climates

Discover Larry Mandelberg's insights on preventing business failure and achieving sustainable growth, even during challenging times.

In this insightful episode of Talking with the Experts, host Rose Davidson engages with Larry Mandelberg, a distinguished consultant, speaker, and author, to explore the critical factors that determine business success and failure. Drawing from his extensive research and his book, "Businesses Don't Fail, They Commit Suicide," Larry delves into the internal dynamics that often lead businesses to self-destruct and offers actionable strategies to prevent such outcomes.

Larry emphasizes that most business failures are not due to external forces but result from internal missteps and leadership challenges. He introduces the concept of the "Three Ps": Purpose, Performance, and People, as foundational pillars for organizational success. By ensuring clarity of purpose, consistency in performance, and engagement of people, businesses can create a resilient framework capable of withstanding economic fluctuations and industry disruptions.

⚙️ THREE KEYPOINTS FROM THE EPISODE:

1. Internal Factors as Primary Causes of Failure:Businesses often fail due to internal issues such as leadership challenges and misaligned purposes, rather than external economic factors.

2. The "Three Ps" Framework:Focusing on Purpose, Performance, and People provides a robust foundation for sustainable business success.

3. Proactive Change Management:Embracing adaptability and fostering a culture of continuous learning are essential for navigating business transitions effectively.

This episode offers a comprehensive look into the often-overlooked internal dynamics that influence business outcomes and provides practical strategies for leaders aiming to build resilient and thriving organizations.

✨ CONNECT WITH LARRY:

Facebook: https://www.facebook.com/profile.php?id=61564438141924

LinkedIn: https://www.linkedin.com/in/larrymandelberg/

Website: https://mandelberg.biz

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