On September 20, little did I know I would have a lesson on my latest opportunity to adapt to a new obstacle. I attended Camp Gladiator’s annual CG games, a fitness competition that pushes athletes to their limits.
We were there to do a fun run of the obstacle course. I was amazed, inspired by the competitors and already planning my training to be there as a competitor in 2015. I knew I could do this and wanted to do it!
Two hours later after a fall on the monkey bars, my adaptability was tested. My ACL was toast and needed reconstruction. Out with the goal to compete in CG games in 2015, new plan to be 100% recovered in a year.
Life happens, your professional life happens, business happens. To be successful in all areas in the current world that changes in a nanosecond, how can you ensure success?
To set your business up to prosper, it has to be flexible in any conditions. Here are three ways to ensure your business is adaptable:
- Stay on top of market trends. Including customer insights, competitors, economy, employment, technology and laws and regulations.
- Talk to your customers. Get feedback and respond.
- Create and foster an innovative culture. Be open to new ideas from all levels within the organization.
Companies must constantly evolve to changing dynamics in society or an industry to be successful.
A couple adaptability examples:
- In the technology sector, you can easily see the winners and losers. As we switched from fax machines and snail mail to email and text, from bulky desktop computers to handheld devices, from Mapsco to built-in navigation systems, many organizations had to adapt. Apple was once considered dead. Look at them now. They innovated and adapted and are winning.
- In August 2001, the opening of The Shops of Willow Bend, an upscale shopping center with mostly high end tenants, opened shortly before the September 11, 2001, attacks. Retail sales nationwide entered a slump. When it first opened, the mall’s tenants included Escada, Bruno Magli, Burberry, Armani Collezioni, Montblanc, Nicole Miller, Diesel, D&G and Loro Piana among others. The economy and environment dictated the need for change. Today, they are focusing on opening national retail chains versus luxury stores. This year, the center was sold to Starwood Capital Group for more than $1.4 billion.
- In February 3, 2013, lights go out at SuperBowl XLVII. One hundred million viewers turn to social media to find Dunking in the Dark. That’s all. Oreo, you are genius and a perfect example of adaptability on the fly! Rock on!
Customer’s basic needs don’t change, but how they satisfy them do. Successful brands stay on-top of this.
Wish me luck on my surgery next week? Maybe I will blog about it …