Successful Companies Go Blind
The article uses the biological evolution of the Mexican cavefish to explain 'competence blindness' in successful companies. It argues that rapid growth and insular hiring practices cause companies to lose the ability to recognize and foster the traits that originally made them successful.
Why it matters
It offers a compelling organizational theory on why successful companies often stagnate or lose their competitive edge over time.
The Mexican cavefish kept its eye genes for over a million years after the eyes themselves disappeared . Something similar happens to companies once they achieve success.
The piece uses a scientific analogy to discuss business management, which is a standard analytical framework.
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