If you had only a limited number of serums, would you give them to dying ones? “No need” you may say, but it is not the case in Turkey… It is easy to enter the system, but it is definitely not easy to filter out the zombie companies (dead ones) from the system. It is almost impossible, but this is exactly what we try and continue allocating resources to dying companies.
A zombie is a life form that feeds on life and produces death, eating every incentive it gets and producing nothing. Etymologically, zombies are the corps revived by Haitian magicians. And in popular culture, they are the ones producing no values and eating out and invading the world. Philosophically, the term zombie symbolizes swallowing anything live and producing death by feeding on life. But crises are tolerant to zombies, inefficient ones, stupid ones, and impatient ones. It eliminates those and even bans them out from the mortuary.
We are in an era of war psychology and economic crises. The companies in mortuaries, feeding on incentives and not keeping up with the change will be wiped out whether we want or not. It will be good. Historically, there is a wealth transfer during crises between ready and unprepared ones. The more efficient and agile ones survive.
Zombie companies in 2 questions:
- Which companies will survive?
Unexpected developments like pandemic, Russia-Ukraine war, earthquake and Israil-Palestine conflict brings several unexpected problems along. Such crises have impact on global affairs and global trade as well. Companies should do a self-review in such periods. Many companies grew with incentives and supporting economic conditions in the last couple of years. However, these companies should review their growing processes frequently. The ones who are not agile, and can’t keep up with the change and innovation, will eventually go to the mortuary. Companies embracing digital transformation with sustainability goals, customer-focused aspects and crisis resilient structures will survive in the future of business.
- How do you get rid of economic dirt?
Inefficient companies will eventually fail. Growing ones who invest in the future will survive. That’s how you get rid of economic dirt.