Ironically the environment that our company faces today is far from foolish yet more concerning. The financial sector is under a tremendous amount of pressure these days and working for a financial firm is similar to working at the local funeral home. Of course if you work for one of the few banks that have been able to avoid the credit / sub prime crisis this might feel like the time of your life.
An uncertain environment does not work well for anyone in a company. Productivity declines, customer satisfaction deteriorates, and core business practices are changed because people go into a protection mode. I find it alarming when businesses today know they need to make a decision but find it hard to make the tough one. Being a leader is not easy and a CEO of a fortune 500 company is not an easy job but you cannot forget about core business strategy and execute. Plain and simple in business you have to execute or you should be prepared to be executed.
Tuesday, April 1, 2008
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