We are hearing a lot of wild rhetoric from the media as we crawl out of this ‘Great Recession.’ Of all of the conjecture around this topic, there is one assumption that is quite puzzling. Many corporate leaders are forging ahead with the underlying assumption that the economy will return to what it once was.
Even though I have faith in the resiliency of our West Michigan industries and companies, it is difficult to imagine a plausible scenario in which the growth and stability we enjoyed seven years ago will simply reestablish anytime in the near future.
There are certain financial, social and political paradigms that have significantly shifted as a result of this global economic downturn. The affects are long-lasting. We shouldn’t focus on any one of these factors specifically, but instead harness the possibilities that can sprout from the unique amalgamation of these three realities. There is significant opportunity for innovation – and a consistent focus on innovation could be our most powerful action toward reinventing our future. Albeit different than our past.
Accurately positioning a company for the next phase is critical right now. If we can be sure of one thing, it is the growing need for a corporate life-long learning mentality. Compartmentalized learning and skills training are obsolete models. Everyone must be in a continuous learning mode no mater what product or service they represent. Does your company require all team members to learn and to add to the creative capital? A versatile workforce equipped with knowledge and the right tools will be the fuel to drive your capacity to innovate in the new economy.
Yes, the world has changed dramatically over the last seven years. We have lost, adjusted, endured and learned – too much to ever resemble 2006. The only way to prepare for what may come is be open to a future quite different from our past.
Don’t depend on past practices. Heighten you ability to use your imagination, learn, expand your own capacity and to innovate.
Move Beyond Theory
While continuous education is commended, actually applying what you learn is where progress really happens.
Demonstrate new approaches.