"Anyone who lives within their means suffers from a lack of imagination."
Oscar Wilde
Author/Playwright/Poet
Author/Playwright/Poet
Because Wilde was in the arts I am sure he wasn't thinking about business when he said that. Still with some paraphrasing it does apply particularly in these difficult times.
How about "Anyone who continues to conduct their business as they have in the past suffers from a lack of imagination."
Of course there are those who would say this is no time to be imaginative given all the uncertainty that exists but when hasn't that been true? We have at least mild recession every 5 to 10 years so sooner or later we will have to manage in less than stellar economic conditions.
Since so little is known about where our economy is headed, now may be exactly the right time to rethink all aspects of our business.
How about "Anyone who continues to conduct their business as they have in the past suffers from a lack of imagination."
Of course there are those who would say this is no time to be imaginative given all the uncertainty that exists but when hasn't that been true? We have at least mild recession every 5 to 10 years so sooner or later we will have to manage in less than stellar economic conditions.
Since so little is known about where our economy is headed, now may be exactly the right time to rethink all aspects of our business.
I'm not only not coming out of my box, I'm going deeper in my cave and not coming out until this is all over.
ReplyDeletePresuming anonymous is serious, this is why we will be in recession a long time. People afraid to act. They've still got jobs, their friends do but they read the papers talking about how bad things are and they freeze.
ReplyDeleteI don't think the suggestion to rethink how we run our businesses is saying we should increase how much risk we take. You could easily make big changes spending less money in the process.
But it does no good to stay in bed with the covers over your head.
Least there be any doubt I was not suggesting unbridled risk taking; only that now is a good time to reassess how all things are done.
ReplyDeleteIf we are in a bad place maybe we all need to find new ways.