We are here to help you create a compelling future for yourself, your teams and your organization. This is the 4th episode to help you deal with our current crisis around the COVID-19 virus.
Our series of episodes will be around how I see things at the time of the recording, but clearly, things can be changing quickly as the crisis moves forward. I’m not a medical or government expert, nor am I a financial expert, but I wanted to offer some thoughts on how you, as a manufacturing leader, might think about and approach this trying time.
In this episode, I’ll review a blog post from Steve Blank called How to Keep Your Company Alive. And I have a few more ideas for you to consider as a leader.
We'll dive deeper into these concepts:
The external and internal assessments you need to do in your business
Tips for creating a new business model and operating plan
How we can all move ahead using David Rock’s SCARF model
Here’s something to consider: We are all start-ups now. How do we give and receive value to our future clients and employees?
Strive for Clarity, not Certainty – because this is all a work in progress!
2 Quotes from Steve Blank’s article:
“Companies that outlast this crisis will have CEOs who can rapidly assess these new circumstances, recognize new patterns and opportunities, and act with urgency to take immediate action to pivot and restructure their companies. Those that don’t may not survive.”
“Survival = (speed of your understanding of the situation) x (the magnitude of the pivots/cuts/lifeboat choices you make) x (the speed of your time to make those changes)”
Resources:
Steve Blank’s article, How to Keep Your Company Alive
Article on the SCARF Model from David Rock
Connect with Me:
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I thank you so much for being here and I’ll see ya next time on Leading the Factory Forward.
— Lynn
