Short term financial goals

I work in a company that could be categorised as an industrial giant, think Ingersoll Rand or the Motorola type. The company’s culture has changed alot since the financial crisis, which could have laid the company to ruins.

Before the crisis the company was lead by the founder’s son, it was a comfortable workplace, and in many cases too comfortable.

In the crisis a new CEO took over and changed direction. The actions taken, to secure the company’s future, where for most part necessary very understandable and efficient.

In the later years I have seen an ever increasing focus on the bottom line, reaching the growth targets while also keeping high Ebit margins. This has led me to wonder where this is heading, there might be a risk of putting short time financial goals ahead of long term customer satisfaction, and employee loyalty. Like in some of the listed companies where shareholder value often is of first, second and third priority.

Two years ago there was an incident where I saw people being laid off, and many thought that it was done to cut on fixed expenses just to be able to get higher Ebit Margin. At the time I thought this was the right decision because the market had stagnated, and this is just how you run a efficient company. Now I am not so sure anymore, the company’s survival was not at all at stake.

Has anyone seen the same trends in the big international companies?

Create fun

One idea for creating fun in a Project is to let the Project team make a fun or cool name.

Think if the project’s name was, “The Top Secret Project” or “The WOW Project” or “The most important Project” or “The Great Project”.

Everyone in the organisation would know about it, everyone would at some point talk about it, and the team members would show a bit of smirk every time they say the Projects name.obama-smurk-300x239

By the way, this is the definition for Smirk:

“a smile that expresses satisfaction or pleasure about having done something or knowing something that is not known by someone else.”

A very detailed post about how to choice great Project Name can be found over at Articulate.

First steps in leadership

Earlier this year I got a new job, my first Management job, I am now a Project Manager.

I started with eating all books and informations I could find about Project Management, and found out that actually, I do not want to be a Project Manager, I want to become a Project Leader.

management-vs-leadership

Susanne Madsen explains the difference in a great way over here.

The posts on this blog are reflections and attempts to put my thoughts into words as I move on towards becoming a Project Leader.