Why is “if it isn’t broken, don’t fix it” a dangerous mindset in today’s dynamic markets?
This myth promotes complacency. In fast-changing environments, sticking to the status quo can cause irrelevance and disruption.
Problems with this logic:
Innovation Lag:
Businesses that delay innovation until a crisis arrives often fail to recover.
Competitor Leapfrogging:
Rivals who innovate early dominate new customer expectations.
Missed Opportunities:
Markets evolve rapidly; waiting until problems arise loses first-mover advantage.
Modern business mindset:
Adopt a continuous improvement approach. Even if systems work today, proactively seek enhancements to stay relevant, efficient, and competitive.
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