I love a bad economy. Not because of the pain it causes. Far from it. A lot of people and industries are suffering as never before, and there's nothing positive about that. Instead, I see the silver lining to an economic slowdown like the one we're experiencing today. When you move beyond worry and fear, you'll discover that areas of growth are actually more plentiful than they are during boom times. … [Read more...]
My most important management philosophy is "Start with the Answer, and work your way back to the solution". As a starting point, I apply this approach to virtually every situation that comes across my desk. Once you understand the basic facts, where you want to position your organization or yourself should become obvious. The real question is, "How do you get there?" Instead of wasting time dwelling on the problems of the past, you should devote all your energy to creating solutions for the … [Read more...]
I have been involved in turnaround situations at Topco Associates, Kayser-Roth Corporation, and Cordiant. The similarities between these situations were greater than the differences. In each case, they were companies that had fallen on hard times, but there was a belief that they could rise again like a phoenix from the ashes. Additionally, the fact that the companies were not doing well was by no means a secret to the employees, who were always eager to have the leadership that could bring it … [Read more...]
