2010 - So Now What Are WE Going To Do?
Wednesday, January 13th, 2010
We react to the economic crisis with layoffs, travel restrictions, forced leave, reductions, cutbacks, pointing fingers…(you fill in the blank). Bad strategies? Maybe not. Some of these responses may be warranted in the short run, but if you are concerned with measuring success by long term results, then these solutions alone aren’t enough.
It seems we love to place blame by pointing at events, corporations, and people…sub-prime lending, Enron (remember?), the auto industry, Bernie Madoff, banking executives and their huge bonuses. And we’ll probably sign into more legislations like Sarbanes-Oxley Act (SOX), although signing that in 2002 didn’t keep what happened in 2008-2009 from happening. Why do shareholders (by the way that’s us) demand short-term results and LOVE layoffs and cutbacks? It’s because someone is doing something… Hooray!!!! (more…)







