So the stock market dropped again on Wednesday
You may laugh, and think who in the world would say this about the DOW
dropping 184 points.
However, the drop provided me with an opportunity. I have the option to buy prime stocks that I could never afford before. For instance, Procter and Gamble is trading at 50.62 instead of its September price of 73.57 . P&G is a fantastic, blue chip company with phenomenal brands. If history is a good indicator, then buying low today gives me a great chance for significant future gains!
Of course investing in the stock market with it’s risks is a personal financial matter. So what I’m trying to show is that every day in this slumping economy you have a choice, and an opportunity to benefit from the changing economy.
Now how does this relate to you as a leader? You have the choice as a leader to let the tough economy drag you down and provide poor supervisor leadership, or you can SEE opportunity in the downturn and position yourself and your company for big opportunities.
What have you been doing at work to better position your company for the
short term and long term? One high impact action is to focus on delivering better VALUE to your customers (Need a refresher? See chapter 9 of Remarkable Leadership.) In these times customer focus and value seem to fly out of the window. So go back to the basics of your effective leadership skills to weather the current economic storm and prepare your company for breakthrough performance down the line.
Use the economy as a form of pressure to challenge you to sharpen your leadership skills in order to better coach and mentor your employees to combat the economy. Do not use the economy as a stressful situation that warrants constant worrying and complaining. Worrying and complaining is wasted energy and an ineffective use of your leadership potential. Great leaders arise during difficult times so this is your chance! Rick Pitino, author of Success is a Choice said, “Real greatness always occurs in response to intense pressure. Coasting and a belief in your inevitable good fortune bring mediocrity; hard work, constant striving, and fear of failure bring success.”
So choose to make the slumping economy into an opportunity as a time to “champion” change and provide positive supervisor leadership. You can be a Innovative Leader! Focus on you customers, use the economy as a pressure to perform not as a stressful situation, and you can find SUCCESS.
Guest Post From Kim, Not Your Ordinary Intern