REVIEW, RESET & SHIFT = MINDEST

There is now a level of acceptance across the business world, ‘we are where we are’, so what now?

In my last article https://www.dhirubhai.net/pulse/fog-lift-sun-rise-peter-thomas/ I talked mindest, and the need to start to shift your thinking into the next phase of your business journey – and quickly.

Yes, these are unprecedented times in many ways - chaotic and confusing, but business leaders and their boards need to accept that what is facing them now, is a strategic transformation phase and a change of your operating model - ironically pretty normal to many leaders. I am certainly not being flippant in recognising what many organisations have just gone through – or still going through, be it turnaround and crisis, but when you're leading an organisation you have to continually move and react to market conditions – looking for that next opportunity?

As a leader, you can also make that change and drive your organisation into its next phase. This is the shift you now need to move into.

There is an old saying about a business in a crisis ‘you need to trade your way through it’. That is true to some extent, but you must also create it.

You are probably now seeing real granularity in your business data – perhaps more than you’ve ever done, so you have a good baseline to start to think about your next move. This granularity may now highlight parts of your organisation that wasn’t performing too well – that’s just one benefit to come out of it.

This is where your business jigsaw starts to take shape, the next piece is the opportunity part, for example: what can my business look like after; are there different opportunities; what’s my competition doing now; can we start to shape and change our sector – can we be the market leaders; can we shift our business and create another opportunity? Many positive questions that you, your board and C-Suite should be focusing on.

However, there is also instinct and inertia – “let’s just recover from the last few months and keep things steady and recover from the shock”. That is a normal ‘risk-averse’ reaction, and to some extent, you need a little of that in your thinking, but this next phase needs real vision, entrepreneurial leadership and board to take it forward.

There is considerable context around the economic conditions and the numbers quoted by many economists are just extraordinary, that may affect your thinking and approach – if you read into much of the current narrative, then there is going to be a significant recession, depression, etc. – very bleak pictures being painted.

Should you just accept it and rollover? Absolutely not!

Shift your thinking: Accept what’s around you, accept what’s ahead of you and move your mindset to find growth and opportunity.

#mindset #growth #opportunity #shift #leadership #board #ceo #csuite #people #competition #lineofsight #vision #bigpicture