I grabbed this off a website of Erika Anderson who is an author of Growing Great Employees and Being Strategic:
Here's some stuff that people are doing that seems smart and useful:
- using their best minds to explore alternative revenue streams and approaches to distribution and marketing,
- focusing on serving customers better than ever (and in ways their competition isn't),
- communicating consistently and honestly with their employees about what's happening and what the company is doing about it,
- setting clearer performance standards and figuring out how to hold people accountable to them,
- letting go of marginal performers,
- hiring newly available 'rock stars' to fill key open positions,
- agreeing on those efforts most essential to growth and directing resources toward them,
- using any available resources to take advantage of market opportunities created by others' failures (as long as those market opportunities lie squarely in their core competencies).
Book of the week: The Genius Machine: The Eleven Steps That Turn Raw Ideas into Brilliance by Gerald Sindell . I have not read it yet (just ordered it) but I know Jerry and he’s a "brilliant" guy so I’m sure this is a great read.
Photo: Mural at I.V. Lab Studios, Chicago
Upcoming travel (dates not certain except for Whippany next week):