Monday, 21 January 2013

Be aware of the side effects of an “ailing” economy


There are many side effects in a challenging economy.
Lower confidence and Increased anxiety lead to fears for some.
Fear of lost employment and an Immediate need to control finances are troubling for many.
It’s Interesting to see how people deal with pressure but it’s more vital than ever that business managers radiate a sense of optimism in their ability to weather the challenges and come out stronger.
There’s no doubt that if bad decisions have prevailed in a Company that under pressure they will reveal themselves. The Company will “take on water”.
Good management is one that expects challenges and is prepared.
They do not intend to become a victim but rather, they grasp the opportunities that others will shy away from. They have “tools” prepared.
Fear is disabling.
It can lead to a “do nothing” mentality that betrays lack of skill and a blind faith approach.
Where there’s no plan....there’s no thinking and a bad outcome.
In a storm a good Captain realises his responsibility and relies on his experience and training for such occasions. He has refreshed and refined his skills. He has also prepared his staff to be fully competent.
It’s now that the opportunity exists to set yourself apart from those in panic and be the Leader you are needed to be.
Communication is vital in times of challenge.
In recent months I have heard of Staff leaving Companies in Increased numbers, some with years of service.
The reason?
Their Company has had a new buyer and it’s been assumed the Company is in trouble. If it’s a foreign buyer it is felt even more certain.
No-one thought to communicate the benefits or how it ensured more success and stability for everyone.
Never assume people understand things. Include them and reassure them. They are your Investment.
Losing good people having trained them well is like throwing your assets overboard.
Develop a Team approach and each member of your Team will support the other and pull together.
Too many managers are “aloof” and when tough times arrive they are viewed as weak, with no known credentials to lead.
A Captain needs to be visible, decisive and alert.
We may not feel it at times but staying outwardly assured will affect outcomes.
We would never hesitate to care for the needs of our Family.
Well, in business our staff are also our Family.
It only takes the same motivation to take them forward, in spite of any pressures.
Leaders are not “born”....they are “developed” and tested by challenges.
Let’s be ready for the test.
More Importantly.... lets prove our “worth” by succeeding where others may fail.
Henry Ford rightly said:
Coming together is a beginning...
Keeping together is progress...
Working together is success.

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