One of my CEO leadership coaching clients knows that for his company to thrive it needs to become more innovative and make better business decisions. I am consulting with the company senior leadership team to develop a new business strategy. They are currently evaluating several new business possibilities.
The CEO knows that thriving in the future depends on making good business decisions and correctly identifying and solving the problems the company faces. He is empowering his leadership team to create a more innovative company culture. Human Resources is partnering with the CEO in helping the company create a sustainable future. Our current executive coaching and leadership consulting work is focused on helping employees become more resilient and better manage change.
Shrinking Business
The new reality is that, barring acquisitions, your company will likely be smaller two years from now, according to Ram Charan in his new book, Leadership in the Era of Economic Uncertainty. In an environment of falling demand and liquidity risk, most companies have no choice but to shrink.As bitter and painful as it may be, survival depends on cutting costs and raising cash. This is the time to narrow your focus and concentrate on your business’ core: the invaluable assets you can’t afford to lose.
Choose the market segments and customers you will continue to serve, the products you will continue to make and the suppliers from whom you will continue to buy. Eliminate the rest.
Seize opportunities to simplify your processes and reduce layers of management. In the end, you’ll have fewer customers, products, facilities, people and suppliers, but you’ll set the stage for a stronger company.
Reducing costs and managing liquidity risks will reshape and refocus your business, putting you on the offensive. You’ll turn a bad situation into an opportunity to emerge from the storm even stronger, more flexible and better positioned than the competition.
Are you working in a company or law firm where leaders make good decisions when things get tough? Does your company or law firm provide leadership coaching and leadership development to help leaders create new possibilities during a tough economic climate? During tough economic times, leaders need to fully engage all of their people to create execute the business strategy.
One of the most powerful questions you can ask yourself is “Am I a leader who makes good business decisions and thrives during tough economic times?” Emotionally intelligent and socially intelligent organizations provide executive coaching and leadership development for leaders who want to become more innovative so that their people and organization will thrive.
Working with a seasoned executive coach and leadership consultant trained in emotional intelligence and incorporating assessments such as the Bar-On EQ-i CPI 260 and Denison Culture Survey can help you create an organization that will co-create and execute a sustainable business strategy. You can become a leader who models emotional intelligence and social intelligence, and who inspires people to become fully engaged with the vision, mission and strategy of your company or law firm.
I am currently accepting new executive coaching, career coaching, and leadership consulting clients. I work with both individuals and organizations. Call 415-546-1252 or send an inquiry e-mail to [email protected].
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