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Tips on Managing in a Recession from Tom Peters

March 30th, 2009 @ 6:47 am

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Categories: Management, Tips, Uncategorized

Tags: Payment, Recession, Blog, Blogging, Internet, Jessica Stillman

  • The Find: Everyone wants to know how they can be a better manager in these challenging economic times, and management guru Tom Peters has tips: just don’t expect any miracle cures.
  • The Source: The blog of Tom Peters.

The Takeaway: Declining profits and the specter of lay-offs are haunting many a company, and managers are wondering how they can keep morale up and their companies afloat through these challenging times. As a respected management expert, Peters gets this question a lot and, recently on his blog, he gave his unvarnished answer. There are no quick fixes or easy solutions when it comes to managing in a recession, according to Peters. Instead, take a deep breathe and prepare yourself for some hard work. He gives a long list of things you need to do during a downturn, here are a few of his key ideas:

  1. You work longer.
  2. You work harder.
  3. You may well work for less; and, if so, you adapt to the untoward circumstances with a smile—even if it kills you inside.
  4. You volunteer to do more.
  5. You fake it if your good attitude flags.
  6. You literally practice your “game face” in the mirror in the morning, and in the loo mid-morning.
  7. You forget about “the good old days”—nostalgia is for wimps.
  8. You eschew all forms of personal excess.
  9. You simplify.
  10. You sweat the details as you never have before.
  11. You raise to the sky the standards of excellence by which you evaluate your own performance.
  12. You behave kindly, but you don’t sugarcoat or hide the truth—humans are startlingly resilient.
  13. You eventually read the gloom-sprayers the riot act.
  14. You network like a demon.
  15. You redouble, re-triple your efforts to “walk in your customer’s shoes.” (Especially if the shoes smell.)

For the full list, have a look at Peters’ blog.

(Image of clever payment reminder by wsssst, CC 2.0)

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