Whether it's a look back at the first nine years of the 21st century (I refuse to declare 2009 the end of the decade; after all, the first year was not the year 0, so the decade still has another year to go) or simply a reflection on the past 12 months, December brings about a lot of self-examination in all corners. It's tasks like these that can serve to strengthen your firm in the coming year, as long as you learn from mistakes in the past and continue to do the things that made you successful in the first place.
How much time does your firm spend reviewing what went right, what went wrong, and how to fix it next time so it never happens again?
The annual business planning process is the time to take stock. The art of management is all about knowing what you have to change to reflect the environment you are operating in versus knowing what you have to keep because it made you successful.
ReplyDeleteMany times, the younger principals want to put their "stamp" on the company, and the founders fight it. Both sides need to managed by the CEO.
Mark Z.