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Business Change Management

Change is Coming...Are You Ready?

Change is Coming...Are You Ready?

Change is Coming...Are You Ready?

A terrific Vistage International colleague of mine, Elisa Spain, published this insightful and very timely blog about the best way to respond to disruptive change. (Hint: it's not to run and hide.) I re-post it below but you can also read it here.

Vistage economist, Alan Beaulieu, CEO of ITR, issued a simple warning in recent days: “It’s been a good year, but there is a change coming,” he said. “Things are going to slow down.”

For those of us who follow ITR, we know the recession Beaulieu expects next year is one that he’s been forecasting for some time. To be clear, he is forecasting a normal cyclical downturn, not a deep recession.

Beaulieu expects the modestly improving economic climate will continue until February, but, he expects the U.S. industrial production index to peak in the second month of 2018. When that happens, look for things to taper off the rest of the year before turning more sharply downward in 2019.

And, here is Beulieu’s most important message, “When the downturn happens, smart company executives will use the slowdown to invest in your business, from equipment to ERP systems, from talent to technology.”

“Leadership is becoming more critical,” Beaulieu said. “Forget the noise. Lead your company with confidence. Don’t hunker down in the slowdown because that’s when it’s time to be aggressive.”

Hard advice to follow when margin and cash tighten. And, if we reflect back, we can all point to examples of leaders who followed Beaulieu’s advice during the great recession. Perhaps at the time, we questioned their wisdom, yet today we can see how they reaped the benefits during the last 10 years of prosperity.

Are you worried about coming changes? Give us a call, we can help.

At Simon Associates Management Consultants, we specialize in helping businesses adapt to the changes of today and tomorrow by stepping out and seeing their organizations with fresh eyes. This is when new opportunities present themselves, when you have the eyes to see them. To learn more about how our change process can put you on the path to growth, please contact us for a $100 1-hour consultation. We'll help you discover what new possibilities might be waiting for you.

$100 1-Hour Consultation

 From Observation to Innovation,

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Andi Simon, Ph.D.
Corporate Anthropologist | President
Simon Associates Management Consultants
Info@simonassociates.net
@simonandi

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On Oct 19, 2017 7:00:00 AM

/ Andrea Simon

Categories: Managing change, business change, vistage

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