Fall 2008 issue of Horizons

GENERAL TOPICS Lessons from the Front Lines (cont.)

they were following. He also shared with them who was leading the team to make the determinations and provided them an avenue to submit any input they had that could help the process. The team knew that they could ask anything and would get a candid answer. They also respected the fact that if he did not have an answer, he would admit it and take the time to explain how they would get there. The leading executive gained respect by thanking employees for pointing out things that may have been overlooked and quickly addressing those things. By listening to his staff, the leader showed them that people at every level had the opportunity to be part of the process. Change is one of the most difficult events that a leader will face in any organization. It also is one that can be counted on to occur whether unexpected or planned. An organization that can effectively manage change and capitalize on it will be in a tremendous position to perform in any market. There is no magic formula for successfully leading an organization through change, as there are many moving parts, personnel concerns and unique circumstances that come with any situation. The three lessons described above can help provide some guidance on how to take a step back and strategize the most successful approach to your particular situation.

Questions? Contact:

Dan Raskas Partner Corporate Finance and Forensic Services Group 314.678.3530 dan.raskas@rubinbrown.com

15 ◆ fall 2008 issue