We have a new fed chief (again), new home sales have risen a surprising 4.9%, national home prices are up (what?), responsible consumer credit card behavior (double, what?), 6Mo Dow up ~33%, 6Mo S&P up ~36%, 6Mo Nasdaq up ~45%. Are we talking about current economic snapshots? Yup, you better believe it. Does it feel this way? Is it sustainable? How are companies reacting? What does this mean for professional/leadership development.
Granted, we have economists employed here, but we don't have all the answers to the questions above. Then again, neither do the government, hedge fund, or private equity economists. What we can talk about is what we're hearing from senior managers within companies we work with. To sum it up:
"We are cautiously optimistic, and it feels great!"
We have also had our phones ringing far more steadily with companies that are now ready to get their strategies in line, leadership in place, and fire on all cylinders. It feels like the sun is beginning to warm the skin of many who have been in the trenches weathering this storm. Its a welcome break.
As you know, we work many public companies and their senior teams. SimDev would like to take a moment to say, "Job well done." An executives job is rarely recognized. Times have been exceptionally hard for executives the last few months. Hard decisions were made, experience was put to the test, and risk was taken. From our standpoint, it looks like the time, sweat, and late nights are beginning to pay off.
What this means for leadership development is that its a good time to take account of how aligned the troops are within your organization. Does everyone know exactly the why and how behind the new strategy. Does everyone actually know the strategy. If the answer is no to any of these, its time for you to get the organization development needs in place and be ahead of the wave instead of just riding it out. This will put your organization at a competitive advantage and better positioned for optimistic change that the economy looks to be on the cusp of enjoying.
"Cheers to a new 2nd half"
- The SimDev Team
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