Daily Buzz: How to Last 100 Years
One key focus: Carefully manage leadership transitions
What can organizations learn from others that have lasted for more than 100 years? Recently, Harvard Business Review did a deep dive into seven organizations that have stood the test of time, including the Royal Academy of Music, NASA and the New Zealand All Blacks rugby team. Researchers spent five years studying these organizations and found striking similarities between the groups, despite their disparate missions.
For starters, they have a stable purpose and want to shape society, not just react. “They are incredibly strategic, looking 20 to 30 years ahead, to understand how society is evolving, how they can shape it, and how they can get the talent to do this,” write Alex Hill, Liz Mellon, and Jules Goddard.
These long-lasting organizations also have leaders with long tenures—more than 10 years. “Not just at the top of the organization, but two or three levels further down too—where key knowledge and influence often sits,” says the article. “And they carefully manage leadership transitions, so nothing is lost along the way.”
Please select this link to read the complete article from Associations Now.