It feels like I am taking one step forward and two steps back during this economic recovery. I am somewhat like the sacrificial canary in the coalmine as my services and products are the first to die and maybe the last to recovery during difficult economic periods. Businesses do not buy books for their employees to read, conferences get cancelled or booked to the low cost provider and strategic planning sessions are put on hold. I have had to alter many of the strategies and actions that were successful in the past. You may also. Resiliency is the greatest trait that you can exhibit now. Chapter Four in Beneath the Armor talks about this.
I do have some short-termism actions that you can implement until the recovery gains traction and sustainability:
1-What do you need to deconstruct and reconstruct in the organizations? Remember the last nine words of any dying business is, “This is the way we have always done it.”
2-The entire business and each segment of the business need to examine what they need to START doing STOP doing and CONTINUE doing.
3-How does the leader(s) need to adjust/modify their leadership style and role. Employees are nervous, frightened and need to be kept informed on what the business is doing and thinking. We have a new emerging work force (the millennials) in our businesses. This group does not need to be made wrong for their outlook on life. They need to be listened to.
4-What alterations in the strategy do you need to make as we accelerate forward?
5-What is the current culture, mood and morale of the employees?
6-What do you need to simplify?
7-What opportunities have the recession presented that you are procrastinating on?
That should keep you busy for a while.
Ole