Even under normal circumstances effective organizational leadership can be a challenging endeavor. However, this is especially true in times of a worldwide crisis that affects business survival, personal survival and both international and domestic economic performance.
Here are five tactics to keep in mind when leading your organizations in trying times.
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Tips on Re-negotiating
Contracts and Leases
As businesses start opening up again and some sort of normalcy hopefully emerges soon, business owners and CEOs might take this time to look at their existing contracts with vendors and landlords. This could be the right moment to engage in re-negotiations that can strengthen the business in the weeks and months ahead.
Here are tips on negotiation strategies and tactics to help in this potentially cost-saving process:
Enter negotiations within an agreed-upon framework
Don't overlook incentivizing the other party
Be prepared for the possibility that talks will fall through
Understand your landlord's perspective
Have a solution ready to propose
Click to read the
full article courtesy of The Alternative Board.
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Did You Know . . .?
Ancient Greeks and Romans didn't have a number for zero
Caesar salad was invented in Mexico by an Italian-American
Nomophobia is the fear of not having a phone
Bamboo grows so fast it's measured in miles per hour
Charlie Chaplin once lost a Charlie Chaplin lookalike contest
"The closest to perfection a person ever comes is when they fill out a job application form."
Stanley J. Randall, Canadian businessman and politician
From My Clients
"TAB was key to helping me turn my business around and getting it where I want it to be."
D. Kapell - Magnetic Poetry
Upcoming Articles
Organizational Architecture
The 7 Stage Business Model
Business Owners - This is no time to be alone!
The articles in this newsletter issue regarding leading in a crisis and negotiating leases reflect my belief in the need for business owners to have access to trusted advisers.
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