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Recent
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If you can’t keep up, you're part of the problem not the solution. And, this is true for leaders, as for anyone else. If you don't understand how your business works today – the market trends, new technologies, economic drivers and so on – then, people won't want to follow you. As in a primitive tribe, they’ll leave you to die.
Benchmarking and intellectual property are modern buzzwords. No business plan or conference is complete without them. But, as with all jargon, they're more talked of than seriously applied. Why? Because, application is hard work. And, benchmarking leads to comparing my company, division or team with others. And, that's potentially embarrassing. So, let's talk but perhaps not do too much.
The Sage of Omaha, Warren Buffett, says the downturn is going to be both deep and long. Global central banks have caught the falling knife of financial collapse. But, there's blood (and shredded reputations) on the floor. And now, the real economy is in for a bad time. Customers are already delaying purchases; banks are loathe to lend - even to good businesses; and, no-one knows what the next fright will be.
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