JOURNAL ARTICLE

Get Out From Under.

  • Published In: TD: Talent Development, 2023, v. 77, n. 6. P. 42 1 of 3

  • Database: Academic Search Ultimate 2 of 3

  • Authored By: CORBETT, JACKIE 3 of 3

Abstract

That attracted an investor who infused the company with cash and grew it quickly by buying and converting independent video stores to Blockbuster stores. Companies can treat organizational debt like a murmuration; with simple decision making, they can scale up to large organizational changes in reducing debt. Kodak went from capturing 80 percent of the photography market share to declaring Chapter 11 bankruptcy because it did not adapt the business strategy, holding onto "doing what we've always done" so tight that it decimated the company. If you have used the phrase "We've always done it that way", "That's before my time", "I have no idea", "That's just the way we do it", or "It's above my pay grade", your responses are red flags for organizational debt. [Extracted from the article]

Additional Information

  • Source:TD: Talent Development. 2023/06, Vol. 77, Issue 6, p42
  • Document Type:Article
  • Subject Area:Visual Arts
  • Publication Date:2023
  • ISSN:2374-0663
  • Accession Number:164033064
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