At times, stepping back and analyzing your circumstances will reveal that your business is lacking structure. As a business owner, you are fallible, and it is this fallibility that hinders your company’s innovation. Do not be fooled—these hindrances do not have simple solutions. While striving for innovation, it is important that you keep in mind its many nuances.

Today, I apply the stages of the rise and fall of empires to the business world. I share a common trap many business leaders fall into when solving corporate stagnation and the three ineffective buying innovation forms that inevitably follow. I also share why many mergers and business acquisitions fail and how you can evolve your business to stay out of the “Hangover Stage” of the “Power Period” that has historically prevailed in both empires and enterprises.

“The current classic approach to innovating in corporate America and the corporate world is to buy your way out of the stasis you are in.” - Chris Colbert

This week on Insert:Human

• The stages of the “Power Period” of empires and how they apply to business
• A common misconception about solving corporate stagnation
• The three ineffective forms of buying innovation
• Why many mergers and acquisitions fail
• The only way to evolve your business and avoid the dark ages of the “Hangover Stage” of the “Power Period”

Resources Mentioned:

• The Big Idea: The New M&A Playbook

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