The following item in the December issue of Inc. Magazine struck me as incredibly relevant during the challenging economic times we are experiencing in the U.S. and really globally.
"Among all management gurus, Tom Peters is most associated with managing during bad economic times. His In Search of Excellence was published amid the sharp recession of 1982, and Thriving on Chaos debuted on Black Monday in 1987. On TomPeters.com, he recently wrote about running a business in a time of 'significant and sustained economic disarray.'"
[I]nstant, mindless cutting of R&D or training or salesforce travel in the face of a downturn is often counterproductive--or, rather, downright stupid. Tough times are in fact golden opportunities to get the drop, and the longterm drop at that, on those who respond to bad news by panicky across-the-board slash and bur
n tactics and moves that de-motivate and alienate the workforce at exactly the wrong moment.
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