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Geoff Colvin: The Upside of the Downturn

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The business world - as it relates to strategy and human capital.

Clarity, Clarity, Clarity

Wednesday, September 02, 2009




Whether you believe the economy is turning around, or not, the signs are looking up. That being said your employees are probably seeing the light at the end of the tunnel. If the video post below of Ram Charan reminded me of one thing is that this time, the change is real. Business models are changing, markets are changing, and management is changing. The one thing however that hasn't, and won't change is enthusiasm.

With that said, the coming light will lead your people to conjure up great new projects, and plans for your company to follow. Be calm, be smart, be prudent. Choose wisely.

Now is the time to ensure that plans are comprehensive, well thought out, and intelligent. Oh, and clear. With your corporate coffers at an all time low (or all time lock-down) money will only be spent on well thought out ideas.

Consider the today's report from the IOC summarizing the overall bids of the four bidding cities for the 2016 Olympic Summer Games. Keeping in mind the final vote is one month away, two of the four cities had rather harsh reviews that included a note on the lack of "a full understanding of the need for clear delineation of roles and responsibilities, including financial, between different stakeholders" in their bid.

My thought would be that if anyone could provide a professional bid it would be for the Olympics. However, even at the highest level clarity is still an issue. Even the IOC knows that the times have changed.

So, as we all move forward, move faster, aim higher, in order to get stronger.

Click here to read the full article from CTVOlympics.ca