- Market standing
- Physical and financial resources
- Manager performance and development
- Worker performance and attitude
- Public responsibility
Manager performance and development and worker performance and attitude WHATEVER THE ECONOMIC CONDITIONS! Unfortunately far too many companies have ignored this sage advice and it is going to cost them. Lack of training in managers and lack of attention to employees in an economic downturn is going to cost many companies the talented people the will sorely need to reap the rewards of an upturn in business. In a day and time when many companies rely so heavily on the talent, intellect, and learning of their people it dooms a company to failure to ignore managerial development. Stack on top of that a general mistreatment, or at least an lack of understanding and compassion for the plight of your workers and disaster happens. All this is adding up to what many foresee as a mass exodus from companies by talented workers who supply the intellectual capital so many companies trade on today.
So take a look at your company. What objectives and goals have your set for the development of people that may forestall an exodus of your brain power? It is not too late for everyone. You can still recover but you must move swiftly and with purpose to re-engage and revitalize your workforce.