As a CEO, board, or senior management team, choose conversation over termination
According to the OECD composite leading indicators (CLI), world economic growth is losing momentum (OECD, July 11, 2022).
The report
“Among large OECD economies, the CLI for the United States now signals growth losing momentum, a change from last month’s stable growth indication. In other countries, the CLIs continue to anticipate growth losing momentum, dragged down by high inflation, low consumer confidence, and declining share prices.”
The OECD also
states its data needs to be carefully interpreted. While we are not economists here at Westgate, we’ve worked with organizations and CEOs for more than 35 years weathering many business cycles.
Our newest blog, featuring our “Main Event”
Our newest blog article examines the importance of engaging your leadership team and—by proxy—your employees in order to maintain profitability.
Optimizing your business performance begins with retention and keeping key people on your team will demand it in order to remain profitable. CEO turnover and its cost to investors, reputational damage to the brand, and friction with employees are all risks associated with poor communication.
When you know the motivations and preferences of others, you can oftentimes predict their behavior, adjust your own behavior accordingly and create a
positive conversation you would otherwise avoid.
The tool is used to understand the styles and how to address each style appropriately. Don’t treat others the way you want to be treated. Treat them the way they want to be treated to honor your relationship with them.
