John Hersey Leadership Blog

Recently, Bev and I attended an all day Economic Forum sponsored by the Fountain Hills Chamber of Commerce. We listened to two economists speak about the national and local economy. The first speaker was Jim Rounds, Senior Vice President, Elliott D. Pollack & Company. His expertise is in economic analysis and overviews related to national and state economies. He was followed by Dean Martin, Chief Financial Officer for the State of Arizona. Martin has developed quite a reputation for opening government finances to the public and is a three-time “Freedom of Information Award” recipient. What we learned and how you can benefit is summarized on the audio recording below.

What did we learn during the day?

1. Nationally, the recovery is underway.
   The Leading Economic indicators are pointing to recovery even though one is a bit artificial. Real GDP is up
   largely because the government continues to dump money into the economy. But, Real Income is up and Unemployment has flattened.
2. The recovery will play out state by state. Those that did not overbuild will recover first while the rust-belt states
   with too little diversification will lag. The over builders like Arizona will also lag perhaps as long as five years.
3. The recovery will not be swift. It will not be a V shaped recovery (fast to decline, fast to recover) nor
   will it be U shaped (fast to decline then flattening followed by a sharp improvement. The economists agreed
   (surprise, surprise) that the recovery will look more like the Nike Swoosh (fast down, long, slow rise.

What Does this mean for you?

Ram Charan, leadership expert and author of Leaders at all Levels said, “Financial’s tell us the history of a company,
the leadership pipeline, tells us about the future of the company.”

With this benefit of being able to see the recovery, Contagious Leaders will get their leadership pipelines in order by focusing on three things:

1. Assess the current leadership pipeline.
   Where are the gaps between leadership positions needed and available talent?
2. Assess your current culture. Is it a leadership culture? If you have been micro managing your way through this economy then
   you do not have a leadership culture. Lack of a leadership culture will limit your ability to attract leadership talent to fill your pipeline.
3. Determine NOW leadership qualities that are important to your organization and how you will measure them
   in every leader and aspiring leader.

Leadership is a conversation. It is ongoing and constantly evolving. Your leadership pipeline must tap into this conversation to grow, stay current and evolve. Our new program, The Contagious Leaders Coaching Club gives your teams access to this ongoing leadership conversation. Go to www.contagiousleaders.com
to learn more.

Be Well & Be Contagious,

John & Bev

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

This entry was posted on Saturday, March 20th, 2010 at 12:34 am and is filed under Leadership, Real Income< Unemployment, economic indicators, leadership pipeline, real GDP.You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.