Overcome
Any Setbacks in School, Business or in Life
Business comebacks are feasible thanks to
the following assessment.
Analyze
The Process
What
happened? Where did the process go wrong?
If there was one thing, such as poor research,
then the company, project or person can
bounce back. After all, all you need to
do is research better next time or make
sure that the methodology is improved. However,
if everything else was a failure, then it
will take more to remedy the situation and
may require drastic changes.
Assess
The People
Be
Tough
Who
did what? Who were the players involved?
How did each contribute
to the results? This is not finger pointing
but acknowledging that because people work
differently and bring varied expertise,
the output fluctuates. General Electric’s
Jack Welch was famous for remunerating people
with different pay and equity packages.
He also knew how and when to imply tough
love. Jeffrey Immelt, who succeeded Welch
in 2001, was ripped apart by Welch in private
for missing numbers at their annual Boca
Raton management meeting. Immelt recovered
because he knew that he would be measured
based on his work and not his relationship
with Welch. The rest is history.
Be
Fair
Be
careful how you single out an individual
for reproach. After a couple of years in
Indianapolis, the National Football League's
(NFL) Indianapolis Colts' coach Jim Mora
was fired after a lackluster 6-10 record.
Mora failed to build on the early success
of star quarterback Peyton Manning and the
rest of his team. Despite Manning, strong
running back Edgerin James, wide receiver
Marvin Harrison and a solid support cast,
the Colts underachieved. Mora stated that
he wanted to come back after the last game
of the season. But he had made one big mistake
during the year. After a horrendous game
by the Colts, he pointed the finger at Manning,
whose poor performance was matched by the
entire team. This may not have been the
main or single reason why Mora was dismissed,
but it played some part. The other, larger
reason was that Mora failed to assess his
people. Owner Abe Pollin felt that his defensive
coordinator was not the man for the job.
Mora stood by his coach
and both were asked to leave.
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