Beware the Four Symptoms of Self-Defeating Disease

A case can be made that most successful individuals institutions and nations are rarely defeated by others but find ways to defeat or weaken themselves to enable their own withering and dissolvingIn almost every case the same four indicators have been flashing for a while but no one was paying attention The four symptoms of SDD SelfDefeating Disease areIncestuous thinking A smaller and smaller group of decision makers with similar backgrounds and long tenure in the same placeCult replacing Culture A cult either around a leader a quotwayquot a fashionable financial market meme quoteverything as a servicequot quotdatadriven everythingquot quotstreaming is the only wayquot or some other weird dogmas parroted and echoed by a fawning press chasing page views trending stories and personalitiesFear Fear of speaking up fear of change fear of opposing the leader or quotthe wayquotOverreach Letting recent success and fawning make one lose perspective that much success is driven by luck and trends that can turn and therefore overreaching too far or moving too soonThe symptoms at playRussia The long table that Putin sits at the very end of reveals his selfisolation fear and cult mongering which has led to one of the greatest and tragically bloodiest strategic miscalculations in decades Regardless of whether Russia quotwinsquot the citizens of a civilization that gave the world Tolstoy and Tchaikovsky have been led backward rather than forward Truth has a habit of breaking in and facts are stubborn things Sooner or later gravity has its way with initial upward floating balloons of baloney And Russia and Russians will find in time their own leader defeated them and pushed them back a generation If time is all we have he robbed a nation39s proud citizens of years of their livesChina A little over one year ago China appeared to be unstoppable Their economy was soaring They had COVID under control Their next generation technology companies from Alibaba to Tencent were growing and innovatingThen came the overreachThe leadership determined that it was time to not let any opposing forces rise thus they set about attacking their technology firms destroying nearly a trillion in value and stalling innovation Soon this began to slow the economy and in a world where software talent and change will determine the future they froze people with fearThey thought that they could control nature but COVID morphed and their internal belief in secondrate homegrown vaccines now have country at great risk Now the quotwayquot of zero COVID tolerance has tied their hands to playing a potentially losing game stirring resistance greater than ever beforeFinally since overreach loves company they decided to forge a great fusion with Mr Putin badly hurting their reputation and quotsoftpowerquotChina is a great country and the Chinese a great civilization but their recent setbacks are all selfinflicted due to a cultlike leader incestuous thinking fear and overreachNetflix In hindsight it is so clear that Netflix no longer has a significant edge in technology or data or programming The edge they still have for the moment is international sourcing of programming They had started as David taking on Goliath but now are increasingly feared and are regarded as bullies Their quotkeeperquot philosophy of upgrading talent had dissolved from a great idea to pure drivel and so much of their data and talent propaganda is KoolAid that even their talent only tolerated due to a soaring stock price Now the entire company is perceived differently internally and externally and in a world of omnichannel omnipresence and omnieverything being streaming only is not that omnipotent Their leadership is brilliant and has created an amazing company but somewhere they tripped into the light fantasticCNN Very few people watch CNN most days In February its average prime time audience among adults 2554 was less than 150000 people CNN is not specifically paid for it is bundled as part of a cable package and covers actual news CNN viewership rarely ever reaches a million and that is when there is massive breaking news So now create a nonnews streaming channel that costs 599 per month and you must be high or believe a McKinsey analysis that you paid for to anticipate two million sign ups the first year After a month of heavy promotion and cutrate pricing of 299 a month for life just over 100000 people signed up and daily viewership was about 10000 which is less than half the number of people who will read this postCNN was not about the future of CNN The comparison to New York Times Digital is a total red herring and fig leaf anyone with strategic chops and respect of media history can show the many ways they are very different propositions It was about hurt feelings about the future of its personalities about leaders making a mark and earning a stripe for launching things or being aligned with the coolness of streaming Mostly it was a massive selfinduced hypnotic trance among some of the smartest and most accomplished people in the business who spent too much time watching CNNThree hundred million dollars later the field of dreams has led to a war of recrimination a sullied brand a setback to a merger and tragically lots of junior people without jobs and world class talent with egg on their facesHow to avoid selfdefeatRussia will evolve China will thrive Netflix will try expanding to gaming and be one of a handful of entertainment companies and CNN will be an additional reason the new quotHBODiscoveryMaximusquot service will be worth paying for None of these players are going away but they need not have suffered these completely avoidable setbacksThese were not the setbacks that come with trends turning the uncertainties of innovation or the win and lose of daily business or strategic competition These were the setbacks of selfdefeat Since the best of talent and the best of companies can defeat themselves we need to be wary when we spot the four symptoms of incestuous thinking cults fear and overreach And we must ensure that organizations and individuals have these remedies for curing SDD SelfDefeating DiseaseDiversity Diversity of backgrounds and thinking particularly in leadership teams are critical If everybody thinks the same way it can be dangerous Disagreement and challenging points of view is what boards external perspectives and independently successful people bring to a company or to a personBuilding a case for the opposite Whenever a key decision needs to be made a team or individual should be charged with building a case for the exact opposite of what you as an individual a leader or board are considering This provides two benefits First it allows one to make sure that group think does not disconnect us from reality since there is a reminder that we may be wrong Second it helps us correct gaps in the thinking of our original recommendation It is like stress testing our propositionA blank piece of paper approach Many times individuals and companies find themselves in selfdefeating positions because of a way of doing a historic momentum legacy costs or structures and fixating on current category dynamics What if one was to launch a company or initiative with a blank sheet of paper with only three constraints legal whatever one does has to be legal technological it must be possible today and economic some breakeven or other financial constraint What would one do to anticipate or meet a customer needThe future comes from the slime and not the heavens There are many benefits of being a leader working at a very successful company and being on the top of the world Everybody wants to meet with you or thinks you are cool because of the fame and reputation of your company The press fawns and friends gush It gives us all a great rush But it is important that we do not get too high on our fumes and begin to believe our flatulence smells like Chanel 5The future usually does not emerge from the gatherings at Davos the Allen Conference or at TED but where no one is looking or visiting The auto companies were looking at each other and they missed Tesla and Uber Procter and Gamble missed Dollar Shave Club IBM missed Microsoft And today TikTok has more engagement than every Facebook property combined Facebook Instagram and WhatsApp So let39s meet the crazy folks who have an idea go off the beaten path and not take ourselves too seriouslyOr let us all remember just one characteristic to minimize selfdefeat HumilityClick the social buttons to share this content with your friends and colleaguesThe opinions and points of view expressed in this content are exclusively the views of the author andor subjects and do not necessarily represent the views of MediaVillagecomMyersBizNet Inc management or associated writers

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Beware the Four Symptoms of Self-Defeating Disease

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Rishad Tobaccowala

"About That with Carl Mayer": Involved Media Connected Audience Fall 2024 Report (Episode 5) - By Carl Mayer

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