What Covid-19 is Teaching Companies

When the coronavirus pandemic erupted, COMPANIES HAD TO CHANGE. For most companies, business-as-usual for serving customers, working with suppliers, collaborating with colleagues, or getting anything done—had to be done differently and the changes had to be made immediately. Accelerating the scope and scale of innovation was a must. The speed of decision making took on a whole new meaning.

Vainglorious

So, you’re the boss, the head person in charge. Have you ever thought about how you got there? Have you ever considered all the people who helped to push your career along, until you finally made it? Have you ever given any consideration to the support personnel you have on staff who make you look good, make you look efficient, make you look smart, every day? The folks who handle the little, tedious, or sometimes annoying things that need to be handled, so you can concentrate on the big stuff … have you ever thought about them?

The Rest is My Job

How would you like to be in the position of creating the largest army that the world has ever seen (over thirteen million soldiers) and do it mainly with people who have NEVER commanded troops in their life?

The Contrarian

A contrarian is a person who takes an opposing view, especially one who rejects the majority opinion.  A contrarian can also serve as a very useful tool when it comes to making decisions. At every management meeting, I would suggest you assign at least one person to be The Contrarian; even if they agree with your idea, make them try to shoot holes in it, find fault, or consider alternatives.

The Second Right Answer

I once read that our educational system tends to teach students to solve problems based on a recipe that leads to a single, correct solution. But, the real world of business isn’t like that; there is more than one right answer.

Recessions Are Great Teachers

Andy Grove, former Chairman of Intel, once stated. “Only the paranoid survives. Paranoids believe someone or some force is out to get them.” In this time of a thriving economy, companies have a tendency to relax and that, to me, is a big problem. Mr. Grove went on to say, “Success breeds complacency and complacency breeds failure.”