Two Techniques for Turbulent Times
There are two techniques that can be useful in developing the foresight that is a hallmark of effective leaders. Practice Crisis AnticipationThe first is called “crisis anticipation” and it involves looking ahead as far as you can and asking, “What could possibly change or go wrong that would threaten our survival?” Think About The Worst Possible EventFor example, what would you do if interest rates doubled, as they have done in the past? What if your best-selling product, or service, suddenly stopped selling, as often happens in high-tech industries in times of rapid change. What if a key executive died unexpectedly or your offices with all your records were destroyed by fire? What if you lost your key customer or… Read more
