Monday, May 17, 2004

Skools in Sessions
Between 2000 and 2003 98% of American Business either:

Lost significant revenue
Laid of up to 50% of its staff
Outsourced services or jobs in order to save money and increase productivity
Went out of business
Filed Bankrupcy
Was acquired by a more dominant competitor

If you did any combination of the above or lost your job as a result of the above listed desparate decision making you know these are bad moves made as a result of years of bad business moves with the intent of saving face at the last minute.

No over paid excutive is going to admit that their degree was not worth more than lining a bird cage, nor are they going to admit that some relative got them their job. They are never going to say I don't know what I am doing don't listen to me. They will take credit when the going is good and lay blame when it is not.

It's the nature of the RAT. Don't get mad just move on.

My favorite IT magazine cover of late was Baseline's March 2004 issue 028. The image is a corpse complete with toe tag and a sheet covering the rest of the body. The capation read," We Did Nothing Wrong"


Even though the image was meant to go with the issues main article relating to Software; the symbolism represented to me at least everything that I have discovered is wrong with American "Business as Usual" and is the perfect poster to go along with the above statics.

For those Executives and Entreprenuers hoping not to repeat the mistakes of their corporate counter parts here is a top 10 list of how to handle b.a.u. so that everyone comes out on top.

1. Realize when something is wrong or not working out.
2. Identify exactly what the problem is and address it thoroughly and appropriately
3. Find the origin of the problem area and correct what can be repaired; Exercise Damage Control
4. Realize the long term impact of the errors including your responsibility and address them with everyone involved.
5. Make certain this issue, problem, or mistake is completely comprehensive to all employees and departments involved.
6. Prepare your staff and retrain them before firing becomes an option.
7. Understand the value of Micromanagement and how to implement this productively.
8. Standardize procedures that prove effective in both the long and short term.
9. Stay informed regarding current events and news how they effect your company, sales, and industry. Markets fluctuate be prepared to stay on top by knowing how to lead out of troubled times. Have a back up plan. Maintain a Marketing and Advertising budget saved for a rainy day.
10. Lighten up, because you could have done better and things could have been worse the responsible your willing to be for a negative situation the more likely you will take control and turn things around.

When all else fails Start over!

Here's a tid bit from Kurt Vonnegut "In these Times"