In engineering, the bathtub curve illustrates the failure rate of components over time. Similarly, organisational processes have critical points of failure that can be well captured with this analogy.
In engineering, the bathtub curve illustrates the failure rate of components over time. Similarly, organisational processes have critical points of failure that can be well captured with this analogy.
From Gadgetry to Governance
Just as a new gadget faces an initial spike in failures, so too do newcomers to an organisation grapple with learning curves.
Like a toddler learning to walk, there's stumbling and occasional faceplants along the way.
The Danger of Stagnation
Yet, as processes mature, the danger lies in stagnation. Without knowledge transfer and evolution, organisations risk sinking into the depths of inefficiency.
Navigating the Waters
Senior leaders play a crucial role in unlocking the wealth of information residing within their heads and those of their staff. By investing in knowledge transfer initiatives and fostering a culture of open communication, organisations can tap into the collective wisdom of their workforce, thus remaining in the relative safety of the middle of the bathtub!