Today, I would like to expand upon an article I received from TEC, The Executive Council, regarding spending money on our people during the down economy. George Buckley, CEO of 3M, was asked if he really should be spending money on training & leadership development. He was specifically asked, what if these people leave the company? He answered, what if we don't & they stay?
It's no mistake he's one of the most influential leaders we have now. The good ones know that they can take advantage of their competitors' fears and make substantial gains BY INVESTING IN THE RIGHT THINGS. People are our most valuable resource, why not excel by using the additional time we have now to invest in them?
I have spoken & written on this until even I am tired of it! So here's a bit more inspiration.
We must continue to develop our bench strength, our future leadership, even when we're cutting jobs. Wow! Talk about counter intuitive, but right on. We must watch cash, & differentiate from our competitors, but our future depends on our leadership.
This develops trust, continuity, and self-confidence; these are all qualities critical to leadership in turn improving and developing our people.
It's not what if they do, it's what if we don't?
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