Managing and leading during “uncertain and challenging” times, TMC invites answers

Monday, 18 April 2022 00:10 - - {{hitsCtrl.values.hits}}

The country after having gone through difficult times brought about by the COVID-19 pandemic during the past 26 months or so has further challenges to put up with, due to the poor economic situation and the prevailing uncertain political times.

How would management and leadership navigate their organisations in such complex times? Maintain status quo? Endeavour to expand an existing business? Diversify? more questions, do they recruit replacements? Or delay, or consider restructuring and enabling multitasking? What about finances? Is the top or bottom line more important? Or both, cutting or reducing expenditure (may mean the same but often not so)

Training, advertising, and marketing are areas that are often cut, would it help in the mid or long term? Would organisations manage their staff or workers with little or no training? Losing brand Image due to a substantial cut in advertising be helpful? How long will it take to re-build brand awareness and image?

Is outsourcing an option? Companies have often outsourced their non-core staff to outsourcing organisations. How would it help? What functions or people can be outsourced?

Long-range business plans may not be ideal in the current climate? Then what is? Medium or short-term be helpful?

All the above require answers and TMC thought it fit to "invite" answers to all these questions from the membership and the public, which can be published in the Daily Financial Times paper for the benefit of all Managers and Leaders. Email your answers/comments to [email protected]

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