Learn from the Wisdom in the Lessons of History

“Fortune favors the prepared mind.” - Louis Pasteur

D. Brown Management Profile Picture
Share
Leadership Tools COVID-19: Learn from the wisdom in the lessons of history. Graph representing the Great Recession 2007-2008

How much time do you and your team spend exploring the broader context of our world?  

How much time do you and your team spend sharing this information and deeply discussing the trends, threats, mitigation, and opportunities presented?  

Have you looked at the last recession and how your company got through it?  

  • The overall industry employment fell by 28%. Did you do better or worse in terms of revenue, headcount, and profits? 
  • Remember that averages only tell part of the story.    
  • Many of our clients prepared well and grew through the recession.  

What would you do differently next time to prepare?  



Related Training

Capital Constraints to Growth (The Basic Formula)
Capital is one of the three primary growth constraints for construction contractors. Use this simple formula to determine how much of your pre-tax net profits need to be retained in the company to support growth and to establish your safe growth limits.
Incentive Compensation for Contractors - Introduction
Every successful and profitably growing contractor we work with has a comprehensive and integrated set of incentive programs in place at all levels of the organization. These programs reinforce the daily actions and behaviors that make them successful.
Leading vs Lagging
Clearly defining the outcome you want in clearly measurable terms is critically important so that you and everyone else knows exactly what winning looks like. As challenging as defining clear measurable outcomes is; that is the easiest part.