You have a choice to make!
Are you going to focus short-term or long-term? That is a key question at this time.
If your focus is first and foremost short-term and money-based, your company can get into serious trouble with investors, personnel, supply chains and society.
We will explain how short-term thinking leads to a downward spiral!
If you set money as highest priority, you’re likely neglecting long-term goals. The investors that are attracted purely for money, demand quick return on investment (ROI). Soon your firm will be trapped in a downward spiral of short-term goals financed with quick money and investors demanding quick ROI. Your risk profile will get high caused by small margins and low reserves. The pressure for quick money will increase when the economy goes down. There is neither time nor finances to build capacity for a solid and viable company that is resilient and able to weather a financial crisis.
If you put money over people, you might very well select and judge your employees by using salary height. You will pay little or no attention to the human need for appreciation and hidden talent or competence will remain undiscovered. That way, the loyalty towards you as an employer will not exceed the financial threshold. An extra appeal on the employees will be answered with a demand for higher financial compensation. Which will be especially straining, if your finances are tight due to the economic crisis.
3. Supply chain
If you put money first, you will bargain the lowest prize and select the cheapest suppliers. Soon the business participates in a weak (international) supply chain based on quick payment and maximal efficiency. The extreme division of the links for efficiency, makes the chain even weaker. When payments fail, deliveries become unreliable. During a crisis these types of supply chains do not last for long. It will cause your business to go down together with the other participants in the chain.
When you are short-term focussed, you are not contributing to issues relevant to society, like the environment, clean energy and other sustainability issues. If a business does not take any responsibility for issues that are burdening society, during a crisis it will have consequences. At the moment your business needs it the most, it will get no support from society since you cannot expect help based on a negative public opinion.
How can you escape this downward spiral?
The consequence is that you need to decide to:
- Develop a long-term business purpose and vision (insight)
- Build solid and strategic partnerships (opportunities)
That is how you become attractive to investors that think long-term, loyal workers, reliable suppliers and society.
Free introduction offer!
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Use this canvas when you want to make a fresh start with your vision!
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Our proposition to you: Turnaround by TL-training
After filling out these canvasses, you can send them to us. Our aim is to answer you within two weeks.
We would like to advise and coach you for a ‘Short-Long Turnaround’. We use the Transformational Leadership-training (TL-training), that has been especially developed for turnarounds. The TL-training holds all the ingredients that you need to renew your business. To read more about the TL-training, click here.
Together with you we would like to work on:
- a new purpose and vision
- a new business culture
- a new plan
- and the removal of constraints
Interested? Contact us using the button below!
Note: we never want cost to be a hindrance to participate our programs so reach out to us to see if this program is a fit for you.