Project Management

The End of Magical Thinking

Jim Stroh
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Adaptive leadership is a critical skill for succeeding in a post-recession economy. It includes being willing to rewrite the rules of the game, realign project portfolios and redefine the work people do. Here are some solid suggestions for applying it to your organization’s PPM efforts.

Clinging to tried and true strategies, best practices, or short term fix prescriptions like across the board cuts and restructuring as a way to hang tight till things “return to normal” ignores the new reality we face in the post-recession economy. And while hunkering down may have stabilized companies in deep crisis, it also put them at significant risk for irrelevance. As soon as things get moving again, companies that decided to do nothing while waiting it out will return to their old ways once the crisis has passed. More nimble competitors, on the other hand, did their share of retrenching but used the crisis as an opportunity to figure out how to adapt and thrive with uncertainty. As a result, they’ll be much better positioned to face whatever comes next.
 
What business needs now is leadership that rises to the demands of the “new” normal — where people are forced to operate at the fringes of their competencies, perpetually develop new skills, experiment with new models, and place more trust in bottom up vs. top down strategic approaches…

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I have made good judgements in the past. I have made good judgements in the future.

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