November 24, 2008

Big Picture Management

There is no shortage of articles in the popular press about how to survive in the new era of a damaged financial world.

Jobs seem to be disintegrating by every newscast and matters are made much worse, I believe, by a scurrilous press having political reasons for making things seem much worse than they are.

The recession we are heading for, has as much to do with perception caused by a malicious press out there as anything else.

That said, what are you going to do to make the best out of a sorry state of affairs?

Practically, and having been through a number of recessions and crises over my career, it pays to remain flexible and prepared for when the downturn appears if and when it does.

Not every situation can be protected, but as managers we can plan to be as lean as possible with the permanency of employees, using short-term contracts where possible and thus protecting the key people who have been most loyal and especially the most productive.

Trying to second guess what is likely to come, is difficult in large organizations, as middle managers don’t always have the inside knowledge to know or influence what is going on.

It’s a time to focus on doing core activities really well, delighting the customers we have and, above all, not getting too despondent or down.

Keeping the spirits up and concentrating on delivering the best is likely to be the best we can do.

Oh, and if you live in the UK, don’t watch any more episodes of ‘Survivors’ or that could really get you down!

Filed under Blog, Building the Future, Focus on Results, Managing Me by Martin

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