How Do You Adapt During Times of Difficulty?

I spend a lot of time talking about the future of work and the need for organizations to change and adapt. But what about when things aren't going great for your organization? How do you continue to innovate and implement forward thinking ideas then? The good news is, there are ways to adapt during times of difficulty.
I believe that there are two things that a company should do to focus on adapting and changing when things are not going well. First, don't wait for things to be going poorly before you decide to make a change. The best time to adapt is when things are beginning to go uphill, not when they are going downhill. Work on thinking of different business models and try to disrupt yourself. You shouldn't wait for trouble and problems to arise before you start thinking about doing things differently. Always disrupt yourself when things have never been better!
Second, always be as transparent as possible with your people. There are many ways to do this but a great example is Spiceworks, the world's largest IT community. When advertising started going downhill, employees at Spiceworks were really concerned about the status of their jobs. To combat this uneasiness, they started to hold a weekly or monthly meeting in a town hall area with food. During this meeting employees can ask any questions they want. This makes a lot of sense and gives your organization opportunities that you wouldn't usually have. Be sure to let employees know in advance if things aren't going well within the company or industry, don't just leave them hanging. Of course, you don't necessarily have to hold large meetings like this for results. Just remember to be transparent with your people and don't wait to make a change until things in your organization are already going downhill.
Let me know what you think, comment below to share your thoughts! You can subscribe to the YouTube channel for more videos.

New 'Transformers: The Last Knight' Teaser Bolsters the 'ROM' Crossover Theory

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Playing Safe Can Actually Hurt You: 5 Ways To Take Risks That Will Pay Off

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Bold Online Photo Sharing Campaign In China To Recall June 4 Bloodshed

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US Oil Patch Distress Spikes But Private Equity Investors Not Turning Saviors Just Yet

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Don't Bite! 9 Essential Steps To Prevent Cyberattacks

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How User Experience Is Revolutionizing Business

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Boston Beer Company's Jim Koch On The Crucial Difference Between Dangerous And Merely Scary

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Three Ways To Use Home Equity To Pay For College

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Geeky Weddings Take The Cake

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SoftBank Plans To Sell $7.9 Billion Of Alibaba Stock In Deleveraging Push

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Technical Debt: The Silent Company Killer

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South China Sea Tensions: How Do We Know What's Really Happening?

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Terrorism, Security, and Voltaire: The French Twist

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Sydney Aims To Be More Like Silicon Valley, Can Fintech Do The Trick?

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Restaurant Customer Service And Technology: Chili's' Tableside (POS) And Mobile Approach

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4 Wearable Products That I Can't Wait To Wear This Year

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'What I Learned From My Appearances On Regis And Oprah'

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Saudi Arabia's Second Big Gamble Will Take The Oil Market For A Rough Ride

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Eva Longoria Will Help Divvy Up $1M In A Global Social Enterprise Competition

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GAO: Treasury Still Using 56-Year-Old IT Systems

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5 Best Graduation Gift Ideas From Shark Tank

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Project Ara won't quite hit the modular mark.

Artificial-Leaf Inventor Slams New Energy Finance, Blames Universities

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What Our Kids Learned Growing Up On Our Farm-Based Startup

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Aziz Memon: Pakistan's Social Entrepreneurship King

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World's 20 Biggest Transportation Companies In 2016

World's 20 Biggest Transportation Companies In 2016

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Why Marketing Leaders Should Personally Engage More In Social Media

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Women In Leadership: Amsterdam Deputy Mayor Kajsa Ollongren

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Do We Need The Fed? Maybe Not, But We Need Free Markets

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Breitling Watches Demonstrates Trump-like View Of Women

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A Little Secret Labor Advocates Won't Tell About "Living Minimum Wage"

Labor advocates will tell you many things about the merits of a living minimum wage. But they won't tell you a little kept secret: how Big Labor and Big government inflate the cost of living.  In pressing their case for a $15 minimum hourly wage, labor advocates begin with calculation of

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Apple Loop: New Glass iPhone Leaks, iPhone Prototype On Sale, Apple Faces A.I. Death Spiral

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A 'Silicon Valley' Reference Guide For Non Techies

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Security 101 Hosts Drone Summit in Charlotte

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How To Uncover Strategic Leadership In Your Company

Video

by Jessica Leitch, David Lancefield, and Mark Dawson   Most companies lack people in positions of power with the experience and confidence required to challenge the status quo. Here's how companies can build the capacity for strategic leaders. For further insights, read “10 Principles of Strategic Leadership.”  

This Week In Credit Card News: Thieves Steal $12 Million With Fake Cards; Free Credit Scores For All

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Wells Fargo to Launch Mobile Wallet

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New Note 6 Trademark Reveals Samsung's Futuristic Vision

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Find Your Sweet Spot To Excel As An Entrepreneur

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Flash Crashes, Algo Manipulation & Demystifying Market Abuse Regulation

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Revulsion To Used Goods Tests Asia's Uber-style Sharing Economy

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When Penalties Are Punitve They Are Not Tax Deductible

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How To Make A Great Marketing Video For Your Company In Minutes

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Founders of Sakara Life Talk 'Making Your Mess Your Mission'

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LLC Distributions Arising From The Debtor's Labors Subject To 25% Earnings Exemption In Alexander

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10 reasons to never be too cool for Old School

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Hail Mary Pitch On Shark Tank Season Finale Saves Tech Startup

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Philippine Girls' Dating Service Wins Half Million In Capital Despite Near Collapse

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Golfer Phil Mickelson To Repay $1 Million In Gains From Insider Trading- Is It Tax Deductible?

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The Meaning of Geography Is Changing, Not Disappearing

This article was originally published at Stratfor.com.

LinkedIn Warns Users To Reset Passwords As 117M Logins For Sale On Dark Web

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Millennials, This Is Why You Haven't Been Promoted

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If Your Customer Service Experience Is A Bust, Try Consulting This Checklist For The Reason

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NXT-ID to Acquire LogicMark

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Tax Pros: Feel Free To Get A Law Degree, But Don't Plan On Deducting The Tuition

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Intel Security Cautions Against Clicking On Fad Diet Links

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I Just Spoke With Pilot And I Don't Know If It Is Real...

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Tri-Ed Announces Its 2016 U.S. Stadium Tour Schedule

Baseball season here, and with it comes the announcement of TRI-ED's 2016 Stadium Tour training program and schedule. TRI-ED and its supplier partners welcome customers to take part in a free day of training and product demos, an expo and a night of networking at the ballgame. 

In Move To MullenLowe, Geoff Cottrill Demonstrates The Value An Ex-CMO Can Bring To An Agency

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2016 PSA Security Network Vendor Award Winners

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How To Write Unbreakable Secret Messages With Common Household Chemicals

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Aiphone Opens East Coast Office

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China-Taiwan Relations To Take A Holiday Under New President

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The Aspirational Watch Market For Indian Women Is Hot On Asia's Heels

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Rubber Tracks: Original Content, Emerging Acts And The Race To Disrupt Music Marketing

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Merkel vs. Erdogan: A Clinic in Modern Clan Conflict

This article was originally published at Stratfor.com. 

Jifiti Founders: 'We Mentioned A Partnership Not Yet Finalized In Front Of The Press'

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Size Matters: Taiwan's Unwritten Rules Of Public Conduct

Once upon a time in Taiwan you could simply pick a plot of empty land to build your family tomb, a reason that graves now speckle otherwise green hills above downtown Taipei. You could even build a house on some tracts. All without permits. The early Taiwanese (like a lot of early peoples) settled things with mere understandings, not a system of written codes. The basic understanding was that size matters – size, speed, money, wit and clout. This land was made for you and me but if I'm bigger, faster and all that, more emphasis goes to me than you.

The Right Way To Do A Merger: The New NXP Leverages Legacy NXP And Freescale Resources

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Malaysia's Hobbled PM Taps Local Election Win For Support: Why It's Not Enough

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Cyber Risk: People Are Often The Weakest Link In The Security Chain

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Two Great Apps Arrive To Stop Hackers Spying On Your iPhone

A cheap anti-jailbreak, anti-malware app lands on iOS, the same day as Opera releases a free VPN.

Why the Banking Industry Needs $600 Billion Worth of M&A

by Doug Stotz, Arjun Saxena, and Sanchit Tiwari

Bold Technologies Receives UL Certification for Manitou Cloud Services

Bold Technologies, a provider of alarm monitoring and PSIM software, has received the UL 827 listing for their Manitou Cloud Services Data Center. This certification was granted after the final UL inspection of the facilities in late April 2016.

Saudi Arabia Is Getting Ready For "Peace" In The Oil Market, For Now

A shake-up in the Saudi government over the weekend, which included the replacement of oil minister Ali al-Naimi by Khaled al-Faleh, signals that the Kingdom is ready for peace in the oil market. Long serving oil minister Ali al-Naimi was the architect of Saudi Arabia's policy to flood world markets with

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In the previous article I introduced you to a list of mistakes businesses make when searching for investment capital. The list came from a book by my friend, Andrew Sherman, titled, Raising Capital. As we learned, there's more to acquiring capital than a business plan.

FireEye Announces New CEO, Stock Plummets, Reasons For Optimism

Dave DeWalt becomes Executive Chairman at FireEye, and Kevin Mandia is promoted to CEO.

A LinkedIn Just For Women

The startup Landit, cofounded by venture capitalist Lisa SKeete Tatum, aims to be a LinkedIn for women.

Craig Wright Says Sorry, He Can't Offer Proof He's Bitcoin Creator Satoshi

Craig Wright said he would provide proof he was Satoshi Nakamoto. He has backed down from that promise, leaving many wondering whether it really was a huge scam.

Report Details Crime on University and K12 Campuses

Crime in the nation's schools and college campuses has declined over the past two decades, according to a new report from the National Center for Education Statistics (NCES).

 

10 Ways IoT Companies Can Improve Their Security Practices

The Internet of Things is growing, and its' security practices need to keep up.

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Once more the start of the month comes round, and Google updates the Android Developer dashboard with the latest percentage shares of each major version of Android on active devices. May's numbers show Android Marshmallow (the sixth major version of Android) has seen a rise of 2.9 percent from last month to reach 7.5 percent of devices that have accessed the Google Play store over a seven-day period.

Freelance Giant Upwork Shakes Up Its Business Model

In move that will affect millions of freelancers, the giant online marketplace Upwork announced today that it is changing the fees it charges workers to find projects on the platform, to prioritize high-value, ongoing work.

Pinterest's Head of Engineering Michael Lopp Departs

After two years of leading Pinterest's engineering team, Michael Lopp has left Pinterest.

7 Tech & Science Cartoons

7 Tech & Science Cartoons

30 Under 30 Nominations Now Open For The Global Class Of 2017

Think you're ready to join our 2017 30 Under 30? You tell us.

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Just in time for paper currency to be rendered obsolete, the U.S. Treasury announces they're finally putting a woman of color, Harriet Tubman, on the $20 bill. Cartoon by Stephanie McMillan.

JPMorgan Chase CIO Turned First Data President Guy Chiarello Reflects On His Rise

Guy Chiarello has been a towering figure at the intersection between financial services and technology for multiple decades. He foresaw the power of digital business as Chief Information Officer of JPMorgan Chase before digital was the term of art or a department within corporations. He and his team there were responsible for the award-winning Chase Mobile App Suite, which grew its customer base to more than 10 million users in its first two years. He was also among the first to usher in peer-to-peer payments at scale. Perhaps most critical to his success, at a remarkably early period, he understood the power of pushing his businesses to think of IT as a source of innovation, and he ensured that he recruited the kinds of people who could deliver on that promise. 

Mastering Difficult Situations Through Negotiation -- In Life And At Work

Negotiation is a core leadership – and life – skill. And while no one person negotiates (or leads for that matter) in precisely the same way, successful negotiators and leaders count on at least three key behaviors to make a difference.

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Today's consumers continue to evolve, which is evident in their shopping behaviors and purchase intentions. Deborah Weinswig, Managing Director of Fung Global Retail & Technology, has weighed in again this month on some of Prosper's leading indicator analytics including Prosper Consumer Confidence, the Prosper Spending Forecast, the Prosper Impulsivity Score, and the Consumer Mood Index. She also took a special look at Prosper's recently released Amazon Shopper Preference Index.

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A lot of companies don't understand the importance of focusing on user-experience during the website design process and are missing out on valuable opportunities at winning new business online. Learn more about how UX design can help your brand generate more leads.

The 7 Worst (And Most Amusing) Mistakes Brands Have Ever Made On Social Media

Here are 7 of the worst (and most amusing) mistakes brands have ever made on social media.

Wikileaf Is Acquired By Nesta Holdings Company

EXCLUSIVE: Cannabis price shopping website Wikileaf is acquired by Canada's Nesta Holding Company.

How to Start a Hedge Fund: Interview with Ted Seides

Have you ever wondered what it would be like to run a hedge fund?  Hedge funds are both glamorized and villainized by both popular culture in TV series like “Billions” and on the political and legal arena by recent high profile lawsuits by activist investors like Bill Ackman and Carl Icahn.  However, for most hedge fund start-ups, the reality is far from glamorous and requires a huge amount of work and unwavering commitment.  Nancy Davis, the CIO and founder of Quadrant compared starting a hedge fund to “a very expensive hobby.”  Hedge fund start-up founders should expect to put a significant amount of personal financial capital as well as sweat equity into the business for at least a year before seeing any return on their investment. Most hedge funds are small and have a hard time scaling: according to Hedge Fund Intelligence, only 305 hedge funds out of the 7,500 comprising the universe manage more than $1 billion.  In other words, it no longer takes two guys and a shingle open shop. The high-level of competition, regulatory scrutiny and investor due diligence is actually good for investors and for the few committed hedge fund entrepreneurs who are passionate about markets and building a business.

The Only Thing Certain In Life Is Death. Taxes? Not So Much

Since 1960, Congress has enacted 66 major tax laws. At more than one major law per year, that makes for a pretty good clip – and a lot of uncertainty.

The 9 Most Common Tax Filing Mistakes

The 9 Most Common Tax Filing Mistakes

Is Your Acquisition Offer A Fishing Trip In Disguise?

Bowen had received a non-binding letter of intent from a global bank, who made their $37 million bid with no actual intent to buy his business. Bowen came to believe their offer was a decoy designed to disguise their real objective: to understand Bowen's strategy so they could compete better with him.

The 10 Hardest Jobs To Fill In 2015

The 10 Hardest Jobs To Fill In 2015

JPMorgan Chase CIO Turned First Data President Guy Chiarello Reflects On His Rise

Guy Chiarello has been a towering figure at the intersection between financial services and technology for multiple decades. He foresaw the power of digital business as Chief Information Officer of JPMorgan Chase before digital was the term of art or a department within corporations. He and his team there were responsible for the award-winning Chase Mobile App Suite, which grew its customer base to more than 10 million users in its first two years. He was also among the first to usher in peer-to-peer payments at scale. Perhaps most critical to his success, at a remarkably early period, he understood the power of pushing his businesses to think of IT as a source of innovation, and he ensured that he recruited the kinds of people who could deliver on that promise. 

LVC to Receive Meritorious Achievement Award for Safety

Low Voltage Contractors (LVC) will be recognized for excellence in workplace safety and health at the Governor's Safety Awards luncheon on May 5 at the Minneapolis Convention Center. 

Finding the Right Prescription for Secure Healthcare Access Control

Healthcare and hospital security and safety professionals have numerous safety and security challenges.

$16 Million Golf Course Conservation Deduction Disallowed On Fine Points

Whenever there is a case about taxpayers taking a huge charitable contribution for promising to leave their golf course a golf course, the first thing that always pops into my head is Sarah Norcliffe Cleghorn's poem: "The golf links lie so near the mill/That almost every day/The laboring children can look out/And see the men at play." I usually root for the taxpayers, but not in golf course conservation easement cases. The latest is RP Golf, LLC.  They ended up losing because of "i" dotting/ "t" crossing sorts or issues.  If it was almost anything besides a golf course conservation easement, I might feel a little sorry for them.