Managing For The Slowdown
As the economy slows, will be tempted to forget the tree of the most important bases for maintaining a successful business. This is when it is most important not to forget them.
The first is fundamental to maintaining a clear vision of reality, whatever that is distasteful, it may be different than I expected. It’s amazing how many executives are driven by management styles and slogans, the major objectives of bold hair (MEGA), quantum leaps, inspirational leadership and then refuse to depart from the field, even when the environment changes radically. In fact, researchers have found that when the pressure is on, people show a worrying trend that focus on trivial issues, while its distorted perceptions and insist on proof that the misinterpretation of the situation is actually correct.
As the economy slows, you must clear your slate clean and rethink their strategy based on what can be achieved. We know that the large chemical company in the recent era of super growth stated goal of more than ten times in ten years. It is a wonderful aspiration, but it should be the company s focus now.This company, like most, should be wondering how it will be number one in a new environment. The winning strategies and tactics are not the same as for growing tenfold in ten years. All managers should be prepared for more frequent changes in priorities, not just their own societies but also with customers and partners in the supply chain.
The second essential element, like the others, not to be overlooked, is to focus on the quality of its people. We hope it goes without saying that this is increasingly your company’s only source of competitive advantage. However, when times are tough, many companies facilitate recruitment included a slowing economy will result in more applicants with its own, and spend less on training as a way to increase profits quickly without the company immediately.
The third is fundamental continuously, day after day at the insistence of improving productivity. In a recession, the overall productivity of the reservoirs, leading some to conclude that it is an unavoidable fact of life. It is not, and improvement in productivity during a recession puts a company in a better competitive position when things are presented.
Maintaining a commitment to reality, focusing on people, and increased productivity, assuming you can follow these three Chinese dishes, you’ll want to make some other move quickly. (Nobody said it was easy.) Speed is the key. Most companies take full advantage of these last, when they are forced. Your challenge is to do first.



