Don’t Waste a Crisis, Revisited
A Lubes’n’Greases reader recently wrote to me that he appreciated my January 2018 column entitled “Don’t Waste That Crisis” and that it was highly pertinent in today’s turbulent environment. I have excerpted a few key points from that article and expanded upon them in light of current events.
The key point of the column was that a business can reap some value from a crisis—even one as painful as this pandemic—in the following ways:
- A crisis can act as an organizational rallying cry and bring laser-like unity of purpose.
- A crisis can allow or even facilitate the examination of new ideas and the tearing down of outdated or unhelpful paradigms.
- A crisis can lead to radical re-prioritization of resources.
What organizational rallying cry might you choose from the pandemic? No doubt this may be very specific to your company, but one that may be common to all is to be better prepared for a future pandemic or other business disruption. I suggest you reflect on your company’s performance in the following areas: