Financial Crisis

Monday, September 22, 2008

Time for Career Strategy as well as Financial Strategy

I responded to a recent question on LinkedIn.com - "What's your biggest concern with regards to the US Financial Market crisis?" I think it was aimed at people managing money on Wall Street but I felt the need to expand the focus. Here's my response:

"My biggest concern is that people react to the situation rather than proactively strategizing what it means to their careers. In every challenge there are opportunities especially if you are positioned to take advantage of them. We are witnessing a fundamental change in Wall Street that will impact Main Street. The sooner people focus their attention on planning their career strategy, the sooner they can implement those plans and stay ahead despite any adverse changes in the economy."

I'm not trying to scare anyone. I'm merely pointing out that reacting to change is not an effective career strategy. Knowledge truly is power.