The Strategic Thought Process Of A Future CEO

 

 

Today, on the 74th anniversary of India's Republic Day, we'll examine how a prospective CEO ought to approach the mass layoffs, which are right now the most pressing problem.

 Assume for the purposes of this example that the CEO is Ram and that he works for the reputable business Toggle(I am aware that we Indians frequently use the name Ram because we have a special relationship with the Ramayan.).

 Ram unintentionally hired more people than he should have since he made a false assumption about the organization's potential for expansion. His company is losing a significant amount of money every quarter, so he must find a way to control that without using the hiring and firing practices that are prevalent in the capitalist market (The reputation which can destroy the entire image of an well known organization.)

 This is one of those issues when employing your critical thinking will be your only help—neither your education nor your technical expertise will be of any help. The old rule, which I'm referring to as "Positive influence of market," should be followed in this extremely uncommon circumstance. People today believe that everything can be quantified using numbers, but they forget that emotions must also be measured, which only a small number of intellectual people are capable of doing.

 Let's find out how Ram resolves this really important problem using a very straightforward, old rule called "Positive Influence of the Market." I'll lay out the procedure step by step, and by the time we're done, the amount of loss will be substantially less.

 l Ram first set up an open business meeting with the marketing team and the media where he declared that for the next three months, he would only accept ₹1.0 from the company and that anyone from the top executives who is willing to do the same or give up a certain amount from their salary should come forward and announce their name. Of course, there is no pressure for the same. Everyone would experience the same time frame, which would only be the next three months. (Considering that those top executives were handsomely compensated and could only sustain the scenario for the following three months.)

l After taking the first step, a powerfully positive wave began to sweep through the company and the potential market, which we now refer to as the "Positive Influence of Market."

l Due to this "Positive Influence Of Market," potential customers began to recognize the worth of the business by realizing that if an organization can appreciate its staff this highly, how well treated its clients must be.

l The clients/customers slowly started moving their business from the competitors organization to Ram’s organization because of the trust and "Positive Influence Of Market".

l The work pressure suddenly increases overnight but, that is not even an issue for the employees who already understood their value in the particular organization and how their bosses are sacrificing so that impacts do not come on to them.

 Conclusion: Toggle rapidly started to make up for all of its losses, outperformed all of its competitors, and became the market leader. Employees will put their hearts and souls into their work and, in turn, produce a massive wave of positive influence once they know they are a vital part of the business and not just a money-making machine. No organization should ever forget that every employee is also a potential consumer.

A very Happy 74^th  Republic Day Of India, Remember, leaders stay in front of the team, not to display their strength because they have thousands of very brilliant individuals supporting them, but rather to take on all the unpleasant consequences and inspire those thousands of individuals.

Writer:

Subodeep Ray

(Aspiring to become an future leader 😅 )