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Procrastinating…

© Copyright Frank D. Kanu 2000-2008

What makes a good manager? Creativity, competence, knowledge, and charisma are just a few of the many characteristics we hear in response to this question. Managers who perform badly are missing at least some of those. They procrastinate and tend to keep themselves away from everything that might be threatening to their position. At least in their minds. Let us not forget that procrastinating can be an extremely powerful tactic. Mostly used by politicians and often seen in sports like cycling.1


“I don’t see any impact as yet on the real economy or on the inflation rate,” Poole [William Poole, president of the Federal Reserve Bank of St. Louis] said in an interview late Wednesday by Bloomberg Television.


Do you think they are procrastinating too much?

There are a lot of news that Federal banks have pumped money in the stock market; that Countrywide Financial is using their entire credit line of US $11.5 Billion; you know that something is up when Hollywood studios can’t get financing for their next movies, but Dr. Poole does not see any impact.

Do you believe him?

Does that make a good leader or manager?

Wouldn’t it be a sign of true leadership to step in NOW and ensure that things turn to the better?

Steven Pearlstein expresses it perfectly:

Dr. Poole is a stridently right-wing academic who hasn’t noticed yet that financial markets now drive the real economy every bit as much as economic factors drive financial markets. His prescription — that policymakers sit on their hands until economic data confirms a drop in business investment or household consumption — is akin to a doctor telling his patient not to worry about that spot of lung cancer until it begins to affect his breathing.




Is the Economics going uphill or downhill?









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1Stop Telling… Start Leading! The Art of Managing People by Asking Questions p.103


Related Postings:
  • Economics—up or down?
  • Slow Growth?
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bloomberg television  business investment  charisma  competence  countrywide financial  creativity  drive financial  economic data  economic factors  federal reserve bank  federal reserve bank of st louis  financial markets  hollywood studios  household consumption  inflation rate  lung cancer  policymakers  politicians  procrastinate  procrastinating  steven pearlstein  stock market  tactic  true leadership  what makes a good manager  william poole
 Technorati (All Links are external): bloomberg television  business investment  charisma  competence  countrywide financial  creativity  drive financial  economic data  economic factors  federal reserve bank  federal reserve bank of st louis  financial markets  hollywood studios  household consumption  inflation rate  lung cancer  policymakers  politicians  procrastinate  procrastinating  steven pearlstein  stock market  tactic  true leadership  what makes a good manager  william poole  business  leadership  politics  stop telling... start leading!
 
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  • Frank Kanu on Friday, August 17th, 2007 @ 19:19
  • Filed under Business, Leadership, Politics, Stop Telling... Start Leading!


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