On October 8, 2021, we posted the blog, Welcome to the 70s–Again! The point that the awful economy of that decade could return. It seems that one year later, those comments have come true. Many are now freely comparing out contemporary time to that period before most adults were born. This Baby Boomer graduated from college in 1970s and ‘enjoyed’ the full economic Stagflation experience and it was not pretty and definitely not fun.
However, increasing global events, especially from Europe and Asia beg the question, Are we entering the 1930s again? Seeming sinister forces both internal to the United States and global are conspiring to wreck havoc if we are not careful. Even the word, World War III is being ‘loosely’ tossed about by various journalists and pundits.
On top of all these daily headlines, we are told the planet is in peril. However, the trillions and trillions of dollars necessary do to seem to be available. “Damned if I do, damned if I don’t.”
What to Do?
Geopolitical Risk is not a new concept. Organizations have been dealing with it for many millenniums. As always, the race goes to the best economic players. Agile, Smart, and Decisive continue to play a big role in the success of organization live and even thrive in hard times.
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We have long been advocates of the Relationship(s), Behavior(s), Condition(s) model first put forth to research International Negotiations by Stephen Weiss in 1993. It is a good construct to assess behavioral changes based on situational (conditions) changes, even transformation. Which results in changes in relationships including adding new and dropping existing.
Interested readers can search this website, there are 14 blogs on this subject in our Critical Mass series.
No one can predict the future but it is abundantly clear there a lot of pressures on business and people in general. This writer is not as sure that new behavioral tools are as necessary as good old fashion Leadership! For executives, the adage, “Lead, Follow or Get Out of the Way” is applicable today as it ever was.
Finally, with so many mounting and rapidly changing Conditions, a constant review and assessment is in order. For example, in the last period of great inflation, successful companies conducted ongoing review of their pricing and cost structures.
How are You Leading Your Team/Organization/Family in these Trying Times?
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The author’s credentials in this field are available on his LinkedIn page.
“People fail to get along because they fear each other; they fear each other because they don’t know each other; they don’t know each other because they have not communicated with each other.” (Martin Luther King speech at Cornell College, 1962). For more information on Cross Cultural Engagement, check out our Cross Cultural Serious Game. You can contact this author as well.
For more insight regarding the economics of Climate Change, check out our recent blog, Crippling Green.
For those start-up firms addressing energy (including renewables) challenges, the author is a member of Global Energy Mentors which provide no-cost mentoring services from energy experts. If interested, check it out and give us a shout.