Amidst all of the rhetoric that we read in the papers or on the internet, every once in a while we come across something not only worth reading from beginning to end, but sharing with others. Recently my CEO shared just such an article with me. The entire article was posted in the Wall Street Journal last month, written by Bill George whom I have sited before as the author of “True North.” I thought it worth sharing the highlights with you over the next few blogs. Whether you run your own business, lead a team of employees, or are self-employed, these lessons can be applied to strategic thinking.
Lesson #1 – Leaders must face reality. Reality starts with the person in charge. Leaders must face the truth and work with their teams to understand the issues at hand. It is critical to realize that you can’t solve the problems unless you acknowledge them.
Lesson #2 – No matter how bad things are…they will get worse. Sounds a bit harsh but many leaders try to convince themselves that things are not as bad as everyone thinks and therefore undershoot the mark when it comes to taking corrective action. True leaders will make plans for the worse case scenario so that they can always be ahead of the issues. They can then take solace in the fact that even though they didn’t have to go to extreme measures, they were ready.
Lesson #3 – Build a mountain of cash and head to the highest hill. You may not be able to control the overall financial stability of your company but you can make a difference. If there are efficiencies or creative ideas you know that can make a difference, then let them be known. We have to make difficult decisions during this time, but the ability to do this is what truly defines leadership.
Stay tuned next week for Lessons 4 thru 7. And remember as I mentioned in my last post, it is the small steps that keep that flywheel going… as long as we are all focused on the right outcome!

