Learn from the Wisdom in the Lessons of History

“Fortune favors the prepared mind.” - Louis Pasteur

D. Brown Management Profile Picture
Share
Leadership Tools COVID-19: Learn from the wisdom in the lessons of history. Graph representing the Great Recession 2007-2008

How much time do you and your team spend exploring the broader context of our world?  

How much time do you and your team spend sharing this information and deeply discussing the trends, threats, mitigation, and opportunities presented?  

Have you looked at the last recession and how your company got through it?  

  • The overall industry employment fell by 28%. Did you do better or worse in terms of revenue, headcount, and profits? 
  • Remember that averages only tell part of the story.    
  • Many of our clients prepared well and grew through the recession.  

What would you do differently next time to prepare?  



Related Training

Balancing Short-Term Crisis Management with the Mid and Longer-Term
A recession post-COVID is a likely enough scenario that it must be planned for. Recessions reorder the market and competitive landscape; ensure you earn the place you want.
Lead Measures and Outcomes: Starting with the Schedule of Values (SOV)
It is nearly impossible for a contractor to have consistently great cash flow if they have a Schedule-of-Values (SOV) that isn’t loaded properly and integrated with the project schedule, including a projection of the cash flow.
The Risks of Vision and Strong Leadership
The strongest leaders at all levels in construction have a clear vision of where they are headed and are relentlessly focused on achieving their goals. They align their teams tightly around the vision, goals, and strategy. This may introduce risks.