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Resolutions for the Recession

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Four resolutions Jack Welch suggests for 2009 and tough times for anybody leading acompany, adivision, or a team, are to be focussed on delivering innovative products and services. Your customers are hurting too so give them more value for their buck. So don't get too defensive and be looking at the internal side of costs alone. Be outward looking and stay on the offensive suggests Welch. This is the first and foremost resolution. The second resolution is make the value of integrity and keeping it, employees learning that ignoring ethical violations however small is the same as making one. Third, he suggests educating the employees and the public of the dangers of taking away secret ballot in labor elections through the Employee Free Choice Act. Its the failure of the union to change work rules and other ways of doing things that has created a lot of the problems facing the Detroit auto industry. Its not the best way to preserve jobs and benefits when they be eroded by failing competitiveness and other errors. And the last resolution for 2009 and the tough years ahead is to celebrate the hard work and results in addressing the difficult challenges ahead so the team remains motivated, inspired, and works with enthusiasm to build on small victories and heroic efforts.

What are the best ways of managing in a tough year, Welch and Sulkowicz advise leaders.

12/31/2008

Taking the chance to develop new and innovative products and services, building enthusiasm by celebrating small victories, says Welch. SUlkowicz, a psychologist adivising CEO's agrees, and suggests building resilience by increasing self-awareness and using the situation to learn and look for new opportunities.

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BusinessWeek 12/31/2008

Resolutions for the Recession

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