We all know the famous adage: what doesn’t kill you makes you stronger. Well, if that’s the case, we should have a lot of very strong people and companies here in America. First the pandemic. Then the mini recession. After that, war in Ukraine and a spike in inflation. Whether you’re in Cincinnati, Ohio, Kentucky, or Jacksonville, Florida, every organization has been put to the test. Fortunately, there are lessons in strategic planning and executive coaching that can help everyone survive and thrive in these turbulent times.
There are a lot of Chicken Littles who say the sky is falling. Yes, there are risks. And yes, there are obstacles in our path. But there always have been. The rule of positive inertia is simple: good things will continue until they don’t. And it takes a lot to flip the script.
Take the home entertainment business. New technology turned that market upside down. Today, former industry titan Blockbuster Video is worthless and onetime minor rival Netflix is worth over $200B. Yet Blockbuster had the opportunity to buy Netflix for $50M in 2000. Blockbuster could have continued their positive inertia…but they got killed because they failed in their strategic planning.
In Blockbuster’s case, their strategy was flawed…or maybe non-existent. But the downfall for most companies comes from poor execution.
Winning organizations attract and retain people who simply get the job done. They are managers who deliver. They work hard, work smart and get more out of their teams then they thought possible. And these days, managers like that are hard to find.
That’s partly because the unemployment rate in America is currently very low at 3.6%. But the other reason is because great natural managers are rare.
To compensate for the difficulty in finding diamonds in the rough, smart companies are taking a different approach. They hire for culture fit, then use executive coaching and other training tools for the rest. They develop top talent into managers who can execute.
The world is a tough and unforgiving place. What doesn’t kill you may make you stronger. Or, if we’re being completely honest, it actually could kill you. So, get ahead of the curve. If you’re in Cincinnati, Ohio, Kentucky, or Jacksonville, Florida, call Krissi Barr. And find how her team’s strategic planning and executive coaching can help you emerge from the fray on top and in the lead.