When I guest speak at university classes, I’m amazed to find very few students seek out current news events daily. One person said, “I don’t find the news. The news finds me.” Everybody laughed. I felt dated.
Problem is leaders can benefit greatly by knowing what’s happening in their world, whether it be local, national, global, virtual or tangential. It’s understanding the Ripple Effect of events/people/things around us.
For example, the recent Wells Fargo scandal is now affecting other banks in California. Staying oblivious to this news a few weeks ago (because it may not have been the bank you managed) could theoretically put you at a disadvantage.
With the City of Los Angeles now requiring banks to certify certain business practices before it will award business to them, I see opportunities.
Having seen the Wells Fargo issue, a plugged-in leader could’ve generated a security confidence plan, communicated that to prospects, in this case, the City of L.A., and been miles ahead in leading a team toward new business income.
I’ve found thinking two steps ahead — and acting on plans — brings successful results. (Do I hear three?) For more tips in the face of a crisis, contact me here.