 How are you keeping your leadership team aligned with your trade war plans? It’s one thing to have a plan to deal with tariffs or prepare for a potential recession. It’s another thing to actually make them happen, especially within the day-to-day whirlwind of sales, serving customers and working with employees. Here are some tips for working with your leadership team to execute on your plan: As a leadership team, identify, assign and capture actions needed to: o Gather and filter accurate information o Manage supplier relationships o Manage customer relationships o Look for opportunities o Manage cash flow o Communicate with employees Use a living plan document, with a timestamped “best current view” date, and adjust as needed. Hold a weekly meeting with your leadership team to: o Stay aligned on the latest developments with the trade war. o Track your latest financial and non-financial metrics, for the company and each function. o Ensure follow-through on actions relating to suppliers, customers, cash flow and employees and opportunities. o Quickly identify and resolve any issues that come up. o Keep your team action item list up to date. Hold a daily huddle with your leadership team to stay in sync regarding: o Individual progress made each day o Key daily metrics if available o Each team member’s top priority for the day o Any challenges, issues or blockers that are coming up, so they can be addressed as quickly as possible throughout the week. These simple team alignment tactics will ensure you and your leadership team are on the same page and executing smoothly. For other ways to navigate these challenging times with confidence, get the free complete Trade-War Success Guide for Small to Mid-Size Companies below. If you are a prairie CEO who wants to grow a thriving company through these turbulent times, more quickly, more easily and with less stress and headache, please contact me here.
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