Problems are normal and it is not a leader’s role to prevent problems, but to focus on the organization recognizing and resolving problem, the owner of fastener manufacturer G.L. Huyett advised the NFDA.
O’Keeffe quoted Dr. Ichak Adizes, author of Managing Corporate Lifecycles: “The same methods that produce success in one stage, can lead to failure in the next.”
Stages of the company lifecycle are Courtship, Infancy, Adolescence, Prime, Stability, Aristocracy, Early Bureaucracy and Bureaucracy.
O’Keeffe, a business broker before acquiring fastener manufacturer G.L. Huyett in 1992, described Huyett as being in the adolescence phase. (…)
https://www.globalfastenernews.com/okeeffe-at-nfda-8-stages-of-the-company-lifecycle-2/