Does It Get Any Crazier Than This?

Fisheye panorama at the intersection of Wall S...

Image courtesy Martin St Amant via Wikipedia

Lean Leadership Lessons from a Crazy Stock Market
Down by 634 points.  Now up by 429.  Down by another 520.  Rebound again, this time by 423.  The Dow Jones Industrial Average swings by 400 or more points for four consecutive days for the first time ever according to USA Today.  This all happens after the United States credit is downgraded for the first time.  Does it get any crazier than this?  Fear, uncertainty, and emotion are just a few of the things driving a crazy week on Wall Street.  I have not heard much about Lean Manufacturing at the New York Stock Exchange but there are a few Lean lessons that can be gleaned from the crazy market and the crazy events leading up to this roller coaster ride.
  • Lean leaders don’t make emotional decisions.  Passion is good.  Emotional decisions are not.  They are not data driven and often are not logical decisions.  Lean leaders use data to their advantage and are a stabilizing force in emotional times.
  • Lean leaders do not use fear tactics.  Fear drives defensiveness and stifles potential.  Lean leaders work to drive fear out of the culture.
  • Lean leaders minimize uncertainty.  Uncertainty promotes fear.  Lean leaders communicate early and often so their team knows what is going on and uncertainty is minimized.
  • Lean leaders are active leaders.  A lack of leadership can take a rudderless ship aground.
  • Lean leaders read the writing on the wall.  The downgrade of the United States’ Credit rating is embarrassing but should have been a surprise to no one. Standard & Poor’s publicly warned that the US must trim spending by at least $4 trillion.  So why was anyone surprised of the downgrade after a mere promise of a $1 trillion cut over 10 years?  Lean leaders pay attention to data and other feedback even if it is not what they want to hear.
Wall Street [tweetmeme]has become so irrational that some are saying to stay away from stocks.  Emotional decisions are not good when investing and they are not good when leading.  Have you seen leaders make emotional decisions when cooler heads should have prevailed?  Have you seen fear and uncertainty tie the hands of a team?  Have you seen a lack of leadership limiting a team?  Have you seen leaders ignore the facts only to be burned?  How can you use these lessons to become a better leader today?
Best regards,
Christian Paulsen
Lean Leadership
Written for Consumer Goods Club
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About Christian Paulsen

Christian Paulsen is an Executive Consultant with 20 years of Lean Manufacturing. Chris adds value to organizations by driving process improvement and bottom line savings. Chris intends to help others by sharing the lessons learned after a quarter century of operational leadership, marriage, parenting, and even longer as a Cubs fan. Your comments on this blog are welcome. You can also connect with Chris via LinnkedIn, Twitter, and Facebook in the right sidebar. Chris welcomes your comments. Christian's professional services are available by contacting him through LinkedIn (right side bar)
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2 Responses to Does It Get Any Crazier Than This?

  1. Its takes experience to write like this- Good Reading and reminder on Who is Lean Leader are.

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