Patrick Doyle, formerly senior vice-president of U.S. marketing, to head Domino's Pizza International.
Mr.!
The business world graveyard is filled with companies that were once titans of their respective industries. The likes of Kodak, Pan Am, Oldsmobile, F.W. Woolworth, Compaq, and Borders were at one time the types of businesses other organizations looked up to.
Today, however, they serve as case studies for how to avoid winning and losing it all.
These companies closed for various reasons, but the one common thread they all share is that they started valuing short-term wins over long-term vision.
As leadership expert Simon Sinek explains in The Infinite Game, “It is important to celebrate our victories, but we cannot linger on them. For the Infinite Game is still going and there is still much work to be done.” Companies that don’t adopt this mindset find themselves like the organizations above: nothing but relics of the past.
Yet, some businesses manage to stave off their own demise.
They pulled away from their self-destructive ways and were saved from the brink of complete failu