Tej Kohli blog shares a funny story about a CEO of a large organization.
Morris was recently appointed as the new CEO of a big company. The former CEO who he was replacing met him privately and handed him over three envelopes numbered 1, 2, and 3.
"Open these if you run up against a problem you don't think you can solve," the leaving CEO said.
After his joining, things went along pretty smoothly, but six months later, sales took a dip and Morris was really facing a lot of heat. On reaching his wit's end, he remembered the envelopes. He rushed to his cabin, opened the drawer and took out the envelope # 1. The message read, "Blame your predecessor."
He then called a press conference and skilfully laid the blame on the former CEO. Satisfied with his comments, the press – and Wall Street – took a positive turn, sales began to boost once again and the problem was soon behind him.
About a year later, the company was again going through a slowdown in sales, besides some serious product problems. Having learned from his previous experience, the CEO quickly opened the envelope #2. It read, "Reorganize." He did exactly that and the company rebounded again.
After many consecutive profitable quarters, the company once again entered the rough patch. Morris went to his office, closed the door and opened the third envelope.
The message said, "Prepare three envelopes..."