HOW BUSINESS LEADERS ARE GETTING BACK TO THE FUTURE

Times of transition are strenuous, but I love them. They are an opportunity to purge, rethink priorities, and be intentional about new habits. We can make our new normal any way we want.” – Kristin Armstrong

Since 2019 businesses have been revisiting and revising their plans and strategies.

Having gone through the pandemic, the great resignation (great awakening if you prefer), the current economic downturn, and rising inflation, many organizations have shifted to the safety of a more manageable short-term planning.  

Many would call this shift in thinking “reactive.” In the light of all the twists and turns businesses have had to navigate, President at Improving, Josh Harrison says, “Now is the time for informed risk-taking and growth.”

I believe the organizations that continue to restructure and rebuild in this post-global pandemic era, despite the rate of inflation, to seize the opportunity to reinvent and secure their workforce will most certainly outpace their competitors

Rethinking Strategies

In January this year, Forbes reported, “The COVID-19 pandemic influenced every niche and significantly increased competition among businesses across all industries. As a result, business strategies were reevaluated to find new revenue generation opportunities. The rapid transformation brought prosperity to agile companies while overthinking; conservative leaders were left behind.” (1)

Klaus Schwab reminds us, “Change can be frightening, and the temptation is often to resist it. But change almost always provides opportunities – to learn new things, to rethink tired processes, and to improve the way we work.”

Many studies suggest that more than half of an organization’s future positions can be filled by current staff members, provided the necessary programs are in place.

Revisiting Objectives

The only way next year will be different is if we are different. If we change the way we think, our behaviors will follow. Better outcomes are the product of better thinking, planning, and execution. Consider the following

  • Begin by exploring the possibilities of a do-over for the year ahead.
  • Revisit the past year, examining events, experiences, and unanticipated challenges. How could you have responded differently?
  • Be meticulous in writing out new objectives
  • Secure the buy-in to ensure your team is all-in
  • Collaboration is non-negotiable

Recovery and resetting begin with rethinking, which leads to an awakening to new possibilities on the horizon; that is how the law of expansion can work for us.  To increase capacity, John C. Maxwell says,

  • Stop doing only those things you’ve done before and start doing only those things you could and should do
  • Stop doing what is expected and start doing what is unexpected
  • Stop doing important things occasionally and start doing important things daily (2)

In Conclusion, Learning not to bring old thinking into a new era is a valuable mindset in a season of rapid change. New considerations, possibilities, probabilities, and opportunities are ahead for anyone ready to leave the past behind and get back to the future.

End Notes

(1) Forbes Challenges Business Leaders Need To Be Prepared For In 2022 And Beyond https://bit.ly/3HmCzv6

(2) Three Steps to Increase Your Capacity for Action https://bit.ly/3xpINWp

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