Recently, we hear the word "crisis" more and more often, especially when it comes to business and entrepreneurship. It is impossible to deny the negative impact of the crisis, but also to overestimate it. Below are 10 management mistakes that can be caused by anxiety about the crisis itself.
… Laying off effective employees is a quick way to cut costs. What's next? The crisis will pass, then you will have to hire new ones who will have to be trained anew. The correct option would be to agree with employees on a temporary reduction in pay. But if little work is foreseen, then keeping a large staff of managers will be unwise.
… We must not forget that we live in the world of information technology, the Internet, social networks, where consumers and sellers communicate, so it makes no sense to save on IT. Naturally, there is no need to increase costs, but rather to optimize the current ones by analyzing the effectiveness of the invested funds.
… Now the best option for management is an active search for new ways, methods and opportunities for expanding activities. Stagnation is a terrible enemy of business, and especially during a crisis, because this is the right path to collapse, because if there is no development, degradation takes place.
… Costs will be slightly reduced at first, but what will happen, for example, in a year, when new and attractive products are needed? You simply will have nothing to offer the consumer against the background of forward-looking competitors.
… The tendency is that during a crisis, companies fire the former manager, who is focused on the company's growth, and instead appoint another who will reduce costs and lay off employees. The fact is that a change in leadership will lead to more or less paralysis of the company and further growth will take a long time.
… The crisis will end someday, so it is better to be "on top", one step ahead of competitors.
Temporarily, of course. But there is nothing permanent than temporary. It will be very difficult to get back on track after the crisis. The right decision would be to focus as much as possible on promising projects, to slow down a little.
It's about little things - drinking water, food, pens, notebooks, everything that makes up the visible part of the employees' workspace.
… In a crisis, the best option is to simplify the structure of the governing cabinet - this will increase the speed of decision-making.
In a crisis, management usually tries to reduce costs, but here the saying goes: who owns information, owns the world. It is better to be aware of everything that is happening on the market, in unclear situations you do not need to save on competent consultants - the benefit from new information will be more than the money spent on consulting services.
