Companies, Like People, Have Habits

Routines come easy and don't require much thought. We know which ones are beneficial, such as regular sleep and exercise. We also know which aren't so good for us, like overstressing or smoking. But habits are hard to break.

Companies also have habits. Some keep you afloat, while others might be holding you back. Companies can learn new habits, but not without effort. However, we can stick with something long enough to become a habit when we are motivated.

Consumer engagement: The habit of regularly seeking customer input does not necessarily drive profitable growth. To do that, you need economic understanding. Companies with a widespread working knowledge of economics are more profitable.

This is because a good habit requires you to know where you're starting and where you're going. When employees understand where the company stands, they can track progress or decline.