Articles
| Seizing Opportunity Amid Economic Chaos |
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| Monday, 20 April 2009 17:40 |
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Everyone’s talking about ways to find opportunity amid economic chaos. Yet, there’s something right under our noses that’s being overlooked: Times of crisis present unprecedented opportunities to stretch and develop real leadership capabilities.
Business and Executive coaches specialising in ‘positive psychology’ are selling business units of large companies and small business owners a twofold promise. One is that optimism and cheerfulness have a measurable effect on the bottom line. The other is that happiness is a muscle that you can strengthen. Hope is different from optimism which is a generalised expectancy that good things will happen. Hope is something that can be taught and developed through participating in positive conversations and reading self-help books followed by taking positive action steps with the assistance of a supporting coach, mentors and a like-minded support group. Yeah, so what is needed specifically to develop real leadership capabilities?
Hire more business and/or executive coaches, organise and conduct up-skilling sessions, and implement more training and development programs. In turbulent times, you cannot rely on talent and luck. Even when you have a talented team leading at the top, people need help in stretching their capabilities to meet the economy’s overwhelming demands.
So what's the transformational outcome if you do this? The outcome of business or executive coaching, training and development and team building is you gain market share while your competitors reduce the people costs and lose customers. Your company retains the valuable talent you have recruited, trained and developed during the better times.
Your competitive advantage improves by leveraging the talent that reflects your company's core competencies. Your business survives and thrives in the years ahead, while other businesses are consolidating and closing. With thanks to Coach2Coach newsletter, 31/3/2009. |
| Last Updated ( Monday, 20 April 2009 17:55 ) |
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