Bill Taylor, co-author of the much appraised book: Mavericks at Work, posted his take on the current financial crisis on his blog some weeks ago. He provides 4 pieces of advice which I think makes a lot of sense and are very much applicable for supply chain management due to the high number of external stakeholders:
1. Don’t just remake your balance sheet, reassert your mission statement. This crisis is as much about values, trust, and business integrity as it is about declining stock prices and limited credit. Be sure to remind your colleagues, your customers, and the world at large why what you do matters, why you started the company in the first place, and what kind of impact you’re trying to have on the world. Here’s a question I always ask CEOs to think about: “If your company went out of business tomorrow, who would miss you and why?” Well, since plenty of companies may go out of business, remind everyone around you why staying in business matters.
I just listed the first one here – have a look at the full post on Bill Taylors site.
