There are several terms not so pleasant to our ears that seem to dominate the news lately, terms like sequestration, spending cuts and most of all – austerity. The abundance of these subtractive terms in the media may well mean that they pretty much define the current situation, and we, as Managers, will need to adjust to function in this situation, because it’s unlikely to dissolve quickly.

Let’s try to understand what Austerity means from Management perspective and what tips we may use to lead our teams successfully despite the harsh environment. Continue reading →