Abigail Adams wrote to Thomas Jefferson in 1790, “These are the hard times in which a genius would wish to live. Great necessities call forth great leaders.” These are also hard times in which managers of today face unprecedented challenges such as:
- Governmental budget deficits/cutbacks
- World political/economic instability
- Energy issues
- Environmental problems
- Shortage of skilled labor
- Higher taxes
- Price competition
- Political scandals
- Business scandals
- Culturally diverse work forces
- Takeovers
- Mergers and acquisitions
- Job displacement due to technological advances
- Shrinking local markets
- Overseas competition
- Work ethic concerns
Famed consultant Peter Drucker said, “Don’t worry about doing everything tight, just do the right things.” But what are the right things?
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