Bad habits are holding businesses back

According to scholars at London Business School (LBS), companies are hurting themselves by constantly using so-called best practices that are no longer useful.

Freek Vermeulen, Associate Professor of LBS's strategy and entrepreneurial spirit, stated in his new book, "Breaking Habits: Violating Industry Regulations and Revitalizing the Project" as follows.

He explains how companies identify bad practices, remove them from the organization, and create new sources of innovation and growth through competitors that transcend thinking.

Initially Dr. Vermeulen increased the competitiveness and efficiency of the company, but later talked about the long-term process and strategy that hinders innovation.

"These bad habits spread like viruses and are not controlled, as administrators do not question their purpose or measure their effectiveness," he said. "People do not turn their attention to their negative impact, they think.

In his book, Dr. Vermeulen encourages enterprises to accept changes and to challenge products, customers and markets to identify areas for improvement.

Companies should balance the exploration and exploitation, find new opportunities, develop existing opportunities, and enhance competitiveness. They also need to create innovative environments that eliminate the best ideas.

Instead, the reverse benchmark. Please think about why competitors do things in some way. If there is no valid reason, please try another way

We monitor problematic participants and companies. Companies with little loss may be performing bold experiments.

Ask outsiders about feedback. If they do not know your way, they are more likely to question your approach.

Create a bundle approach. These form a new business model, there is sustainability over competition.

Please note that this is the way we do things here. This is an immediate clue that you have found a bad habit that you need to give up.

Habits are the key to any successful effort. The customs that we have learned not only determine the quality of our lives, but also the possibilities of our success. Especially when you run business with perseverance, bad habits always interfere with us. But this is not only to eliminate bad habits, but also to plant the right entrepreneurial success habits. The world's most successful entrepreneurs experienced the most harsh period. In the process of business success, they have experienced countless failures, infinite headaches, and restless nights. But they did not give up. If you look at some of the most famous people in the world you failed most, there are actually five core habits

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