Gordon and I enjoy the breathtakingly beautiful North Dakota landscapes, especially the Canola, from the motorcycle. We're grateful that we went riding before the snow blizzard hit! While enjoying the vistas, I reflect on what leadership looks like in the next Decade - the Digital Decade - where some of calling expansion of AI as the forth industrial revolution. In the midst of these continued disruptive changes, I believe the Five Capitals framework, developed by my friend and colleague, Brandon Schaefer, will become an increasingly helpful lens for us, and those we lead. What are the foundational principles we build our lives on in the midst of this exponential technology expansion?
One of the most important (and difficult) decisions a business leader has to make is how to exit his or her business. Yes, I’m talking about the business that you have built up over many years. The one that is home to your blood, sweat, and maybe even tears. And now the time has come to make that decision….Do you sell, merge, or transition to the next generation?