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What exactly do these 3 unrelated situations show us about organization? For me, 2 messages stand out rather obviously:
Lesson
Firstly, a return certainly one of my favourite styles: I enjoy the old adage, "revenue are vanity, profit is sanity, income is reality".It doesn't matter just how many income a company makes if it's perhaps not making a gain on these sales. And that income must be turned into profit the financial institution - enough to always manage to spend the bills when they happen (like my duty bill). Maintaining an excellent cashflow is needed for long-term company accomplishment and is a lot more important in these hard times. As my customer business shown, when you yourself have enough cash available, you have a wonderful protection blanket in place.
This is a basic truism - when Joseph interpreted Pharaoh's dream and recommended him to store feed throughout the seven decades of plenty, in willingness for the seven decades of famine, he was teaching a fundamental organization lesson. The thing is that numerous businesses (large and small) fail to understand this lesson, with the end result that in 'times of famine' (aka credit crunch/recession/economic downturn) they experience professional 'starvation' ;.
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Published on February 09, 2022
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