Management Issue: What do you do when the horse you are riding dies?
Here are some of my “Strategic Answers”:
- Convene a Senior Management Team meeting to devise a Strategic Plan and Vision Statement for the dead horse.
- Engage an external consultant to conduct a ‘process consultancy’ on the dead horse.
- Engage a coach/mentor for the dead horse. Give this project an acronym, eg, DHWP – Dead Horse Whisperer Project.
- ‘Re-engineer’ the dead horse.
- Arrange to visit other sites to see how they ride dead horses.
- Identify core competencies of dead horses.
- Appoint a HR Business Partner to support the dead horse.
- Implement training sessions to increase employees riding ability.
- Divide riders into Matrix Riding groups.
- Commission an executive search for a Chief Executive Rider whose core competency is riding dead horses.
- Compare the state of dead horses with today’s environment.
- ‘Stick to the knitting’ on the dead horse.
- Harness several dead horses together to try to increase speed.
- Go ‘in search of excellence’ re techniques for riding dead horses.
- Provide additional funding to try to increase dead horse’s speed.
- Contemporary re-branding of dead horse. Eg, “Dead Sea Biscuit”
- Do a cost analysis to see if others can ride the dead horse more cheaply.
- Conduct an ‘agility’ study on the dead horse.
- Form a quality circle to find uses for dead horses.
- Conduct a 360 appraisal on the dead horse.
- Devise a Sustainability Plan for the dead horse.
- Get accreditation for Investors in Dead Horses.
- Conduct an audit on who stole the dead horse’s cheese.
- Promote the rider of the dead horse.
- And finally, one for the faith-based sector, pray for God to heal the dead horse.
An old Dakota tribal wisdom says, “When you discover you are riding a dead horse, the best strategy is to dismount”.
Which goes to show… the old ones are the best ones.
Please post your suggestions below!