Getting everyone involved in strategic thinking is like taking a dose of truth serum. This is where you will discover if the business as a whole truly is able to recognize the forest through the trees or if everybody is preoccupied with putting out fires within his or her own departmental universe. If it is the latter instead of the former, ask yourself if the economic downturn only made the company’s inevitable dire straights more apparent.
Reflection and introspection on the company’s goals serves to build self-confidence as teams are reminded of how they overcame obstacles in the past. The sense of ownership that comes with placing a personal stake in the organization’s success will equal or surpass the insight they will provide.
How are you mitigating the recession’s impact on your business? Drumming up new clients and tapping new sources of revenue from existing customers, especially in this environment, require adherence to a disciplined strategy. Are your priorities in-line with the times? Would you recognize an opportunity nestled within this economic calamity? How well are you able to ride the waves of change? Is your workforce asking these questions amongst themselves?
