Today we are engulfed
in the debate over whether or not we are facing a true recession; let’s
consider a couple facts rarely remembered in times like these.
People who get results are high-impact leaders. They command a presence when they
walk into a room.
Today
we are engulfed in the debate over whether or not we are facing a true
recession; let’s consider a couple facts rarely remembered in times like these.
Fifty percent of the so-called expert economists say we are and
50% say it’s just a downturn and we will come out of it in 2009. Regardless,
let’s consider a couple facts rarely remembered in times like these:
- Most distribution share growth happens going into a
recession or coming out of a recession, not at the top or the bottom of an economic
cycle.
-
Those who react to cycle changes first will gain share over those
who don’t.
-
Those who understand best practice and have invested in their
employees through development and training will maintain competitive advantage
and grow market share by taking it from the competition.
“The biggest challenge we face is our own ability to create a self-fulfilling
prophecy.”
This is called the Pygmalion effect. The media has a tendency to
sensationalize. I remember three occasions recently when CNN and other major
news networks actually followed the movement on stocks on the NYSE on a
minute-by-minute basis. Give me a break. Are they that thirsty for news that we
have to watch them watch paint dry? Isn’t reporting the opening and closing of
the stock exchange enough?
Tough Times Require Tough Leadership
I
do recognize that even the brightest, strongest and most successful leaders
within the industry are challenged during these tough times. Even those of us
with scar tissue — experience from past recessions — find that leadership
becomes much more difficult in a declining economy. It requires a
self-analysis, going back to the basics.
Instead of simply learning to do what we have always done a little better, we
need to become aware of and practice understanding that involves reexamining
everything we do — including taking a serious look at our sales effectiveness
practices. This often means letting go of our existing bias and applying a
little tough love as a leader.
Let’s face it. Prior to 2007 we had a run of over five years of tremendously
favorable economic times. It did not take a genius to be successful.
To be successful during tough times you must
make emotional connections with your management team. Encourage these managers
to open up, share dialogue and reveal dreams. Leverage their leadership ability
by advancing their personal agenda. A good leader is not intimidated by the
success of others, but encourages them to succeed and helps them fulfill their
wants and needs.
Reexamine your sales effectiveness process and structure. Remember,
profit covers many sins. Eliminate the places to hide and support those
salespeople on your team that have what it takes. Weed the garden of those that
have been riding the wave or are members of the lucky territory club. Make sure
sales management understands their role precisely. Encourage coaching,
mentoring and, most importantly, accountability.
Don’t Ride The Roller Coaster
You may feel like you are just starting down the first
big hill of a roller coaster ride. You may envision the next couple of years as
high risk, high stakes — a time filled with uncertainty and ambiguity, but we
need to set those thoughts aside. Remember, we must guard against creating a
self-fulfilling prophecy of “doom and gloom.” It is time to reach within, time
to find whatever higher power you believe in, time to demonstrate the kind of
leadership that can deal with these turbulent times.
People who get results are high-impact leaders. They are consistent, explicit
and concise and they command a presence when they walk into a room. They have
enough charisma and leadership insight to create success even in the toughest
times. When they move on, others want to go with them. They have a following.
Their openness and honesty create a legacy that people admire and look up to.
They gain commitment and foster trust.
Creating
change, managing during turbulent times or fostering growth in an economic
cycle such as the one we face today all depend on a balance of this type of
leadership. No one person can make a company successful; it takes a lot of
people. But one person with a command of leadership can transfer enough
influence, creating enough leadership amongst the management group to guarantee
success.
During these times leaders must utilize their questioning and interpretation skills
that allow them to drill down to real facts and issues. This quality is
particularly essential when dealing with the economic conditions we face today.