Economic financial crisis - Growing into and out of it
At times of economic financial crisis, people all over the world tend to take panicking in the next level and lose their minds, hearts and hopes. This attitude should be avoided because everybody can survive recession. It’s all in the mind.
• What are we doing?
“Life is what we make it.” I'm sure you know this line. We blame our leaders for our misfortunes but we actually contribute to our economy and to our society in general. Yes, everbody claims to be affected of the recession effect and we are all afraid that worse will come to worst but what do we do with our self, our family, and our work?
• Where are we going?
It is a verity that we are not sure where will go. We have heard of people who apply for unemployment and those who file for unemployment online. But in the organization where we are involved, if we have shown much commitment and dedication to our work, there is 90% probability that we will be retained. We will not be included in the list of those who are to be retrenched.
• What kind of future are we making?
When worse comes to worst, then depression will not just be a simple one. It will become a great depression. We worry what is life during the great depression and how to survive the great depression. We are afraid that we might be facing a bleak future. This is absolutely true, “what we do today determine the kind of future that we will have.”
Aside from us being able to answer the given questions, to come out of economic financial crisis, we have to make a crisis management plan. While it is true that not all plans are being carried out, plans guide us to reach our goals and objectives. In making the plan, there are three elements that we must consider. These are the threat to the organization, element of surprise, and short decision time. Each of these elements must be analyzed carefully. To make the plan a successful one, important characteristics must be manifested. These characteristics include readiness or open-mindedness to face challenges, positive outlook, hard work, and determination. With all these characteristics, economic financial crisis could easily be solved.
These three principles of a crisis management plan if applied will lead us to expect brighter tomorrow while facing the economic financial crisis today. Remember that if we put this in mind, we will receive want we want to achieve. And recession or not we will be at our best anticipating each battle that life would give us.
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