Surviving and thriving in the global economic crisis

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Leadership and strategic decision-making in the global economic crisis

The global economic crisis is impacting on almost every organisation in one form or other. From a decision making perspective, there are two broad ways in which we are impacted

  • We are being forced to make certain decisions because of the crisis. For instance:
    • Do we investigate new markets to make up for our falls in revenue from traditional sources; or increase our focus on our existing markets?
    • Should we be retrenching staff or considering other ways to reduce costs?
    • How can we discover, and capitalise on, the opportunities that are hidden within this environment?
  • Our normal decision making process is also impacted through the need for more frequent strategic decisions and greater uncertainty when making them. For instance:
    • The decision to make a capital investment in new capacity is made more complex through the difficulty in forecasting future demand.

In the latter half of 2011, a small global group of experts formed part of a digital workshopglobal crisis to consider these types of challenges that individuals and organisations face when taking strategic decisions in the economic crisis that the world is facing. The objective is to provide some actionable advice for people who are looking for ways to lead their organisation through the challenge and to grasp the new opportunities that always abound in such environments.

The full article can be found here:

We are also building a knowledge repository of useful information concerning leadership through the crisis on our web-site; and have started with some workshop ideas. Go to the page by clicking here:
Decision making in the crisis

 

 

Opportunities abound – you just need to know where to look!

Hidden treasures inside your organisation
How to discover and mine them! 

Many companies have great treasures waiting to be mined inside their organisations. There is a tendency, especially among larger organisations (but not solely) to gather more assets and competencies than they can exploit at one time. Often, some of these get left behind or ignored through lack of resource or just not being right for their time. Here is an interesting short article by Bain & Co discussing this.

What they do not cover in the article is HOW you go about finding these treasures. We have a technique that allows you to do that: INSTRAT.  Using a proven process and a novel, web-based tool (THOUGHTstream), you can tap into near and far-flung parts of your organisation seeking such opportunities – and go on to assess and prioritise the best opportunities.

Here is a link to a broad overview on how INSTRAT may be used, containing further links to the underlying process and a video on the THOUGHTstream tool itself.

INSTRAT

Bain & Co article

For a discussion on how you can use INSTRAT to discover possibilities of growth within your own organisation, drop me a line at sgifford@genesis-esp.com. The process is efficient, inexpensive and can generate significant value in a short time-frame – and which company could NOT do with some of that right now!

Or write to us and we will contact you