7 Leadership Principles for 2010
As we get ready to emerge from the recession this time, we should learn from this near-death experience. If this recovery should sustain, which means that we shall not have an inflationary run, absurd interest rates and countries going bankrupt in the near future, the way we conduct ourselves must change. So far, it seems that we have learnt little, and waiting, like little boys, to return to life as usual. The only way we can move forward is by accepting that there will be no return to life as usual. We must move forward, not back, and that includes not trying to replicate past templates. Bonus et al included, we should not wait around to banks get back to their old ways soon and start buying houses beyond our pay. We should save and not go back to our free-spending days. Businesses must focus on create value, and not just sustain themselves on easy credit or the naivety of investors. But, before anything else, we must acknowledge that we have this terrible habit not to learn, and m