Marcia's Leadership Q&As: What do you Anticipate & Plan?
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Q. My company is doing well! How do I best make use of the good times? Should we save for the lean years, innovate, or try to keep the business stable?
A. My crystal ball for 2022 asks . . . what can you anticipate for your business in the next years? Strategic thinking, “what if we develop new markets, products, and services to meet future needs of people and society?” can lead to new possibilities and opportunities. On that journey you may navigate crises whether it’s responses to a pandemic, the economy, or an industry downturn.
Your options are plentiful if you are future focused. Having some stable investments is good business and savings to weather some challenging times gives you some flexible time to plan and pivot during hard times. But you always need to invest in the business, too. Invest in your people, resources, technology—the foundation of your business. There will always be variation in the business, ups and downs. Plan for those so you don’t make excuses for poor decisions, lay off people, or hunker down. Fixed, fear-driven thinking can harm your business. Even in difficult times, there are booming businesses because innovative leaders get creative, assess what their customers or new markets need and then make it happen.
Send your leadership questions to Marcia Daszko at md@mdaszko.com. She works with Boards, C-suite leaders and teams to pivot, innovate, accelerate and achieve bold results never before imagined. A provocative keynote & virtual speaker, strategic Deming advisor/consultant for 25+ years, and executive retreat facilitator, she is the bestselling author of the book “Pivot Disrupt Transform.” www.mdaszko.com Call for her help today!
