Fred Wilson on Organizational Sustainability

As a successful venture capitalist, Fred Wilson knows a thing or two about business. Too many businesses focus on short term profits and fail to see the importance of establishing long term relationships. Unfortunately, many businesses also see leaders as non-renewable resources. Here is Wilson’s take on organizational sustainability:

…sustainability is all about figuring out how to be in business forever. It is about business models that are win/win and lead to happy long term customer and supplier relationships. It is about avoiding the temptation to overeach. It is about avoiding the temptation to maximize near term profits at the expense of long term health. It is about adapting the business to changing market dynamics. It is about building a team and a culture that can survive the loss of the leader and keep going. And it is about many more things like this.

Sustainability by Fred Wilson, via Kevin O’Keefe