If you don’t invest in risk management, it doesn’t matter what business you’re in, it’s a risky business. - Gary Cohn, American Business Leader IBM
2020 taught us two distinct things: organizations are capable of adapting to monumental change, and identifying and eliminating risks must be a central focus for survival. A risk management plan does not need to be extensive and complex. It does, however, need to be approached with a proactive mindset rather than a reactive one.
Like many of you, we see hope on the horizon with vaccines, schools moving back to in-person learning, restaurants beginning to see a path to success, and all the other “return to normal” practices! We can all envision getting back to the “blueprint” for 2021 – or should we?
Now that you’ve taken time to investigate the idea on implementing stay interviews to help retain your workforce, to the next step is to explore the types of skills you will need as an interviewer. Being a successful leader includes holding meaningful conversations - a skill that requires effort and practice. Instead, there are a handful of proven skills that transform the ordinary into extraordinary.
I think dashboard is an overused, ill-defined word in many enterprises. As I was trying to create visibility into the success and challenges in our operations, I decided that I needed a dashboard (see blog on data). It sounds very simple. Everybody uses dashboards in business these days. Then I started to think about the origin of the dashboard and how that might help me create my own.
2020 has taught us that Hope, Reflection and Gratitude, and the simple meanings behind each can be quite difficult to do or demonstrate in today’s environment…..as individuals, members of a community, manufacturing team members and leaders, each one of us has our own unique vantage point and an individual story on how this pandemic has affected us both personally and/or professionally.
I had an AHA moment the other day. I shouldn’t have, really. What I’m about to reveal should have been painfully obvious. But, as the old saying goes, sometimes we can’t see the forest for the trees. I had been blinded by all the trees standing right in front of me and didn’t realize I was in the middle of a very large forest.
2020 highlighted the resiliency and significance of our manufacturers. Illinois manufacturers have been on the forefront as heroes during challenging times, contributing to efforts to become leaders in global competitiveness. Manufacturing leaders understand that in times of uncertainty, it is much better to navigate the unknown together with other forward-thinking leaders who are finding innovative ways to solve current challenges and build a stronger future.
Dedicated to cultivating ideas and sharing knowledge that can help Illinois manufacturers solve challenges and thrive through uncertainty, IMEC launched Manufacturing Leader Buzz Sessions over the summer. Buzz