Recession & a Manager’s Self-confidence

Thinking about the series of events happened in 2008 that lead to the current state of turmoil all across the economy. Banks went down left, right and center. The other day, it was an estimated layoff of more than 71000 people across different sectors and across the globe in one day. The insecurity around, can make any manger loose his self-confidence, let alone his capability to lead and motivate his team. Even if one is doing it  very successfully since his first breath in this world.

It is being written and discussed a lot by many management gurus that a manager needs to have a leadership thing. A manager should be able to lead with his words and should transfer his energy into his team. A passion to lead and stand out of the herd with a capacity to make others follow. And one needs confidence in himself to make it all happen. BUT nobody told us how to cope with the situation running thru the days now. When managers themselves are insecure and economy is shattering their confidence day by day as if they are naive, as if last couple of decades have had nothing to do with their performance. Frustration, resignation, helplessness is running thru the blood.

What we, the managers really need to buck ourselves up. How can I motivate myself OR Why do I need to motivate myself?

Don’t read me more here to find any solutions. I am not that Guru who can give you all that gyyan. I don’t have any magic wand or some solution to this question right away.

In my view, the key is our thinking structure, how are we looking at the world around us and our reaction in the form of ideas and attitudes. These mental structures can either block us to move forward or act towards our goals. A familiar example is: a person sees a glass half empty, another sees as half full. Different perspectives……

Recession is a state of a perfect business model where the wheel has started moving down south from its top. Running thru it is as essential as going upwards from the bottom. We need to first understand our own confidence state during this phase without actually worrying “HOW” and “WHY”.

Are you motivated enough to lead your pack through these tough times. Waiting for your responses…..