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In today’s episode, we’re diving deep into a captivating business tale. The relationship between Alcoa and their vendor, LW Nash (the company my grandfather began), serves as a vivid illustration of the pitfalls a company can face when dependencies are unchecked. This story also showcases the importance and resilience of the Switzerland Structure from John Warrillow’s Value Builder System.
The inherent risks of over-reliance on any single customer, vendor, or employee and the strategies businesses can employ to protect themselves.
“When one vendor knows too much, the power dynamics shift, and the risks for your business amplify.”
“The Switzerland Structure isn’t just a concept; it’s a protective shield for businesses in an unpredictable marketplace.”
Dependencies can be silent killers in a business ecosystem. But with awareness and proactive strategies, companies can navigate and mitigate these risks. Alcoa’s tale serves as a powerful lesson and reminder of that. Keep serving strong and building a business that stands resilient in the face of challenges.
Always remember to safeguard your business against dependencies and ensure it’s built for sustainability and strength.
Until our next episode, stay strong!
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