2022 - Resolutions for a New Year
Patrick Binns is President of Abinsi (abinsi.ca). He leads a team of experts that work with clients to accelerate growth through leadership, managed resources, and productivity. Abinsi is successful when its client organizations grow.
Last year, my resolutions were “to be innovative”, and “to be seen”- important in a Covid-disrupted economy. I felt these were important as the Covid economy became a reality in 2021. Canada fortunately avoided economic collapse in 2021 – thanks primarily to government spending and the addition of over $360 billion dollars of (federal) debt. But what will 2022 bring, and how should leaders and business owners respond?
One thing is certain: the hybrid workforce is here to stay. Teaming activities and the way line-managers manage productivity and supervise staff will change as remote workplaces, increased mobility, and non-standard hours become commonplace. Information systems are changing. Performance metrics are changing.
My resolution for 2022: “To be confident and to act promptly by committing resources needed to implement my strategies.” While strategies define position and desire to achieve, “plans” identify specific resources needed “to make it so”. Plans go nowhere until budget & resources are committed. Committing resources to a plan implies risk, particularly in times of uncertainty when decisive leadership is required. Don’t be afraid...
Consider updating your business continuity plan and adopting risk mitigation techniques to manage your uncertainty. Alternatively, consider a different perspective - the impact of doing nothing. While change involves risk, inaction can be fatal to an organization.
We still face Covid-related change, but 2022 will be another interesting year. Add supply chain stress, emerging inflation, the impact of surging public sector debt, and ongoing K-Recovery change to our local and global economies.
As advisors, Abinsi helps business leaders adapt and grow their business in an everchanging environment; we help managers improve operational productivity. We work to build an ongoing relationship that develops the “big picture”. We then use a variety of management tools to integrate this picture into daily operations and business development initiatives. We offer a no-obligations discovery session to explore your current situation – contact us today.