RSS Moving Ahead in a Down Economy

I’m sure we’ve all noticed these are challenging times. In a “down economy,” it makes sense to take stock of our current circumstances and think about how to adapt to an uncertain future. Lately, I’ve been thinking a lot about conversations I’ve had with people who reflecting upon where they are, both personally and professionally.

Evaluate Your Circumstances

What occurs to me is that leaders are especially burdened in this regard because, as they consider changes, they must not only assess their own circumstances, but they must also consider their team’s circumstances. There is an old adage that says “If you want to lead people somewhere new, you need to meet them where they are.”

For organizations in change — which I daresay is every organization today — we can’t expect that everyone is starting where we want them to be, or that they are all starting from the same place. Furthermore, leaders must understand that during times of stress, people are less likely to assume acceptable risks. A person’s mindset becomes one of not making a mistake and to protect one’s own interests.

Meet Reluctance with Understanding

From an organizational perspective, times of stress and change can lead to greater levels of mistrust and confusion; this is where real leadership is tested. It’s important to acknowledge that these concerns exist before embarking on ambitious new directions. Leaders must engage people differently, to inspire the confidence and courage needed for a new journey.

Guide Your Team Forward

The operative word to any successful journey is trust. To attempt change in the absence of trust will result in failure, and that’s not an option most of us can accept. I believe successful organizations are those which have created a strong sense of mutual trust, earned through the development of a culture strong in communication and enriched by collaboration.

If these characteristics aren’t descriptive of your organization today, I hope they help provide a focus to meet your goals in the future.

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2 Responses to “Moving Ahead in a Down Economy”

  1. Phyllis Fortier says:

    Enjoyed this message, great job as always!

  2. Mitch says:

    Thank you, Phyllis!

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Home About Archive Mitch HagstromMitch Hagstrom
Executive Vice President
Chief Banking Officer
Pacific Continental Bank

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