Managing for the Upturn

Posted by: Rod Kurtz on March 30, 2009

How you respond to change in the current economic landscape will determine your company’s prospects as the economy begins its recovery. What changes can you make to strengthen both yourself and your organization? Consider the following:

• Talent Evaluation. Do you have a system in place to make sure that you are getting the best performance out of your workforce? Organizations need to have well-defined metrics and competencies on which to base judgment.

• Cost Reduction. Have you asked your employees for their suggestions on areas where you can reduce costs? You may be surprised at how much insight they have.

• Communication Strategy. Are you telling your employees what you are doing and why you are doing it? If you implement change without effective communication, you may create an atmosphere of uncertainty and be open to losing your best talent.

When we begin to see the economy improve, will you be ready to take advantage? Making sure that your organization is strong will put you in a better position to seize any opportunities.

Bob Kustka
President
The Fusion Factor
Norwell, Mass.

Reader Comments

Dick Finnegan

April 3, 2009 8:55 AM

NOW is the time to keep the workers you want to keep and replace those you don't. The market is so full of applicants that good workers are available to replace your poor-performing ones. But because there are so many more applicants than jobs, only your really good workers can leave you. And if you don't treat them well, they will.

See more in my upcoming book, "Rethinking Retention in Good Times and Bad".

Sam Rufus

May 12, 2009 4:26 AM

There is no real time as NOW to deliberately apply "creative thinking" for changing the way we have always done things. More important for the mess we are in. Yes, for too long idea generation has been the prerogative of managers. Myriads of real solutions are on the shop floors. Sweep them UP!
"Tell us what you think ?" must replace "do it this way" on our notice boards. And then celebrate

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