Pulling Along or Pulling the Plug - Trust Topics March 2004

March 9, 2004

A MESSAGE FROM THE AUTHORS

This month's serving of leadership Dim Sum is just a nibble. It is called Plugging Along or Pulling the Plug.

Please forward this newsletter to your colleagues and friends who are interested in organizational and leadership issues. Your feedback is always welcome at info@thetrustedleader.com

-Rob and Anne-

Previous Issues:

Conflict in the Inner Circle

Dealing with a Bigmouth

When Someone in the Inner Circle Fails

archives

Next month's serving of Dim Sum: When a Leader Defects

LEADERSHIP DIM SUM, PART XI: PLUGGING ALONG OR PULLING THE PLUG?

The company has been in existence for a long time. The industry in which it competes is “mature” to say the least. Markets have shrunk, overseas competition has eroded profitability, and the future looks stable, but nothing more.

Things to think about: Can trust get rusty? How does one sustain trusted leadership at the top when an organization is just plugging along?

The key here is engaging the leadership group – forcing them to push themselves to be more than caretakers. Lots of people in “mature industries” can (and do) make pots of money.

But it’s also important to consider the idea that it might just be time to wind down the company. If that is the case, then the focus becomes exiting in style, going out the right way, maintaining trust until the very end.

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How about you? Have you worked in a company that was just plugging along? What happened? Let us know.

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