Mission Doom
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With this mantra of economic doom and gloom organizational leaders are shifting their focus away from Team Development and talent enhancement, forcing them to scramble to cut costs.
…top leaders around the world ranked financial pressures to cut costs and rapid market decline as their toughest business challenges, dropping talent management to last on the list of business challenges.
Developing and retaining high-performing talent is a key business strategy that should not be overlooked…
Is this concerning to any one?
When the economy recovers and these organizations have an untrained unmotivated workforce that are unclear of their mission what will happen.
Additionally after time of we have to make cuts, the incentives for employees begin to fall into cutting corners leading to a lapse in ethics.
Once people see that the company is cutting cost and working to find the cheap way, this is when unethical practices rear up.
Taking from Jim Collins Hedgehog concept how are these leaders living to their Big Hairy Audacious Goals?
With a slash and burn technique that leaves employees who are talented open for courting by other organizations.
It appears to me that by being like the fox as Collins wrote “Here’s the truth: The problem isn’t the market’s rise or fall. The problem is people who react to events, rather than seek to create something great”.
While the leadership is scrambling to slash staff they are creating a knowledge gap.
What is an organization to do?
Those employees who remain with the organization develop ways for them to enhance their skills. Begin with facilitating discussions around innovation. Once we view and utilize resources as an innovative process then they can seek to create something great.
Strengthening the team and keep incentives placed on team work and innovative new strategies. These times are when the character of leadership is tested.
Will the organization push past the dip and thrive?
These challenges are when innovative companies that focus on team work, and learning from others break through.
The leadership that reacts in a panic acts on the whims of the market is behaving like the fox, just scrambling to do something, to show some progress.
The company that re-targets yet remains faithful to the hedgehog works out and understands that this will pass, and when it does whatever we slash and cut we have to re-grow and fix.
It takes less time and investment to empower and develop incentives for your talent to innovate than it does to cut everything and start over.
Keep the focus on your talent; they are what keep your leadership, team and organization profitable.
-Michael Cardus is the founder of Create-Learning-Team Building, an experiential based training and development consulting organization, as well as a blogger for TeamBuilding NY. Mike specializes in team development and leadership development consulting and training, creating team-building programs that retain talented staff members, increase production and effectiveness of your team. He lives in Buffalo, NY, and travels to you to serve your team-building and leadership training needs, wherever and whenever fits your schedule.
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