USE CRISIS AS CATALYST

“WITHOUT EXCEPTION, ALL OF MY BIGGEST MISTAKES OCCURRED BECAUSE I MOVED TOO SLOWLY.”  That’s a quote from John Chambers, CEO of Cisco in a recent article in Business Week.  He’s talking about managing Cisco through the dot com bust when his company saw its market value drop 86%.  Pretty powerful statement!  So the question is, what are you doing to set your business up for success?

Leaders today need to be thinking about the what happens after the financial meltdown.  This changing landscape in business and consumer behavior should be seen as a catalyst for change.  Not only how we  react now, but how we create  new ways of thinking and doing business for the future.  If you are sitting in your staff meetings each week talking about how bad things are…how you need to cut expenses…you need to change things now!  Don’t get me wrong, you should be looking for wasteful spending and efficiencies wherever you can find them.  But good leadership gives everyone around you confidence.  Confidence leads to wins.

Speak with you soon.

Jim

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