The crisis has now fully erupted for automakers (and others), and that’s a good thing.

The crisis has now fully erupted for automakers (and others), and that’s a good thing.
Photo by Eugene Triguba / Unsplash

Barring a few visionary companies that consistently navigate the innovator’s dilemma and pursue transformative innovation, most organizations achieve radical breakthroughs only when teetering on the edge of catastrophe. Crisis remains the most potent driver of innovation—not pleasant or comfortable, but it forces a reckoning and compels strategic questions to be addressed.

If you follow some of the major business news this week, you’ll notice that significant cultural crises have now fully erupted in key sectors that attempted to slow-walk their transformation for more than a decade.”

Stellantis Goes Into Survival Mode After Ousting Carlos Tavares
The departure of the most-feared man in the auto industry reflects the struggles of manufacturers trying to retool for the electric vehicle era.
Intel’s CEO Departure Opens Door to Fresh Deal Discussions
The abrupt departure of Intel Corp. Chief Executive Officer Pat Gelsinger offers a fresh opportunity for the troubled company to consider potential deal options, including scenarios that he rejected during his time running the chipmaker.

How many will survive will ultimately depend on their willingness to cannibalize their current cash cows to leap ahead. It won’t be pleasant, and the impending job cuts will be daunting—but this is the compounded price of delaying meaningful decision-making for far too long.

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