We Need a Good Old Fashioned Recession
Yes, when Morgan Stanley loses $10 billion in the last quarter, maybe it is time to rethink how we are doing business. We could list many companies right here, Citigroup, Bear Stearns, UBS, B of A, etc.; this is not to pick on Morgan. However, aren’t these the guys we go to for money and advice about our businesses? My motto has always been “Actions speak louder than words”.
During the past year I have had the opportunity to work inside many different types of companies and organizations. The consistent impression is fewer people doing more work, which is how we as a nation have been able to increase productivity in the past decade. The same money guys listed above believe this is the formula going forward. I disagree; the signs of strain are beginning to show. The work-life balance is beginning to push people into making alternative choices. The people who get to keep their jobs with these “Big” companies get to stress their health and existence to the point of breaking…some prize. Many people are choosing to bring value to the marketplace in their own way. The companies will be left with the mediocre while talent will go elsewhere. This is how the market works, read Atlas Shrugged.
If companies want to adapt and grow we must look at what is working…job shares, flex-hours, policies that are employee friendly. The results are amazing, when you treat people well they threat your customers well and business grows, what a concept! “YOU control your future, your destiny. What you think about comes about. By recording your dreams and goals on paper, you set in motion the process of becoming the person you most want to be. Put your future in good hands-your own.” Mark Victor Hansen
Now is a good time for a “recession” to rethink how we are doing things. Invest in people.