Time for Cool and Calm Thinking
Today’s post will be brief and to the point. Due to the recent moves in the financial markets and the adverse actions of a credit rating agency, our economy will be in major shock when the markets opens.
Personally, I’m expecting major downward pressure on the markets and a time period for the thought leaders come to understand the meaning and future of our “new” economy.
Yet, in an attempt to point out how expectations can create a future result or happening, it is time for our business leaders to actively lead their organizations. I know several will automatically begin cutting budgets and destroying their own growth momentum. Others will take and “wait and see” attitude, waiting for the dust to settle before taking any major actions.
The truth is this week will not be very pretty – as the politicians and media will make certain we hear every negative thing under the sun.
It is however a time for the real leaders to show up and lead their organizations – not by cutting people, programs and departments – to see what opportunities are presenting themselves during this time of uncertainty. Review and restate your current vision for the future of your organization. Continue to get the buy-in from the rank and file, and solicit new ideas for dealing with the current events.
Remain Calm and avoid any drastic moves with your company. This is time for the leaders to be front and center. Your people need you reassurance things will calm down and improve.
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