Yes if only the big Co’s going down in these tough times had set up some form of Structural integrity system that had been ready to support a system in criscic then this current downturn would be quite different.
Call it debt reserve fund, or a risk management strategy…. either way it could have aved the bacon. Doubtless there is someone in side these big Co’s (GM, ABC leaning etc) that is saying “I told you so”… and the same with some business professors I am sure.
Therefore before crap hits the fan make sure your organisation has enough support to keep things viable, lean and hunrgy all the way, even the squirrels know to put things away for that rainy day.
I see it as a basic foundation that needs more support, so if they are a publicly listed Co, don’t just rely on the shareholders, shore up the foundations so they don’t get washed away.
In turbulent times there are the basics that need to be looked after like revenue needs to be more than expenses, but then again that should always happen, but in doing the basics an asset protection policy is always good too, who would like to loose a good performing asset right? but I am seeing too much of organisations not looking out for their assets, in particular the employees. So check this article out, It has a few clues.
Even in our own site we have lots of articles on employee engagement to give you more clues.
In closing I think that the basics are often underrated, so ask yourself what are the basics of a successful business and how can we maintain and then build on the basics, provide protection (security) and communicate that your organisation is here for the long haul, in an environment of fear, the security or sense of it will be well worth it in the long run.
