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The economy of 2010 and the future - compared to last year

Many people in business are worried about the future. Some have seriously altered their business because of negative impact of the Global Financial Crisis (GFC) - less sales means less revenues - less revenues means less expenses - less expenses means less staff.

Businesses around the world are waiting for signs that the economy will improve before they take optimistic and progressive action to grow their business. Sometimes, that sign is only when sales have picked up for several months.

But famous Canadian ice-hockey player Wayne Gretsky is known for having said that his success was not in being where the puck is, but to skating to where it was going to be.

So, if you want to be there and ready to beat the others when the economy picks up ... you will need to pre-empt the upswing in the economy.

“There is new optimism in the market with 67 per cent

of employers surveyed predicting the economy will

strengthen in the next 6 to 12 months. This is in stark

contrast to this time last year when only 6 per cent

thought the economy would improve. This increased

confidence is further illustrated by 45 per cent of

respondents intending to increase permanent

headcount and 22 per cent expecting to increase

their use of temporary and contract staff. A very

different picture to this time last year.

Nigel Heap, Managing Director of Hays Asia Pacific (Hays Salary 2010 Guide)

It looks like the picture has changed significantly since last year.

When are you going to skate to where the puck is going to be?

 

Decision Making for Superiority

Why Make Decisions?

Many people enjoy talking and brainstorming! Sadly, that doesn't get a business anywhere unless decisions are made and acted upon.

Decisions aren't simply made for fun! There is a purpose and there is an outcome to all decisions - whether they be deliberately thought out decisions or intuitive unconscious decisions - they all all made to gain control over a situation.

How are Decisions Made?

The framework that describes the decision making process is known as WIKID PowerTM.

The key to reaching the highest level is in the speed and cycle time for making decisions. The military have known about this for many decades and it is known as the OODA loop - the quicker the decisions, the more you are in control because others are reacting to you. In other words, you are being proactive whilst others are reactive.

Decisions for Wealth, Greatness and Longevity!

Kiyosaki identifies decisiveness as a key attribute for wealth and Collins (Good to Great and Built To Last) identifies decisiveness as critical characteristics of companies that are not only good, but great and also of companies that survive the test of time.

Having spoken with hundreds of organisations, it has been our observation that decisiveness in business is critical.

 

 
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