If you are finding the current times challenging and unnerving, this LMI Journal was written for you!
Seven Great Ideas that Will Change Your Life
Each of these articles has specific actionable information that you can use to gain better results in your business. Please take the time to read at least one – and consider reading more than that!
1. The ability to develop and sustain self-motivated people is a critical determining factor of your organization’s success or failure.
2. Six “New Year” questions that should be answered by every effective leader at the beginning of each year.
3. Increase your productivity by understanding your communication needs and leveraging equipment to meet those needs.
4. Steps to facilitate good communication and maximize your success as a team.
5. Three key areas to increase team members’ productivity and use more of their potential
6. The Four P’s: The wants and needs of people can be classified into four types.
7. Unlocking Your Potential and Achieve Greater Results
Now is the time to act – don’t allow the forces of change to swallow you up – you have the ability to make change and lead from the “front.”
The LMI process is truly a Catalyst of Change and Growth.
Michael D. Diercks, Regional President, LMI - Serving Columbus for 40 years!
Partnering with Leaders to Increase Results and Enhance Value!
Monday, January 26, 2009
Tuesday, January 13, 2009
TOP TEN THINGS FOR THRIVING DURING AND AFTER THE RECESSION
(Based on an article from www.forum.com)
I believe reading this will help you gain focus and make 2009 more than “just another recession year."
Doing More than “Just Surviving”
The economy is in trouble and senior leaders face difficult choices in controlling expenses and working through the global downturn:
What to do? What to avoid? WHAT???
- Should we cut prices to maintain market share?
- How deeply can we cut costs?
- What about layoffs?
- How can I discourage defensive internal politics that protect others’ narrow interests?
- How can I lead my company to emerge from the end of the downturn on an upturn?
2. Refrain from across-the-board cutbacks. Preserve areas that customers value most. Businesses that uniformly cut costs often find that they end up damaging their ability to sell and deliver their products and services. How do you find out what customers value most? Ask them.
3. Consider alternatives to layoffs. Downsizing tends to bolster the bottom line and stock price in the short term but often creates long-term negative repercussions. Alternative strategies include cutting management bonuses, freezing salaries, and reducing compensation options. It’s critical to clearly communicate the rationale and impact to employees.
4. Invest in opportunity. A bad economy can present bargains, both in new assets and in new talent. Good areas to invest in are R&D, marketing, and customer-perceived quality. By contrast, investing in working capital, manufacturing and administration doesn’t pay off as well.
Applying these lessons promises a tremendous upside: new competitive opportunities that result in a stronger business uncovering when the economy improves.
If you would like to discover how the unique LMI process can help you apply these key points so you are position to grow and thrive in today's market, call us today for a complimentary consultation.