Archery
Every leader ought to master the art of archery especially, when crafting strategies to keep an organisation afloat in a volatile business environment like Zimbabwe's. It seems St Georges College took this 'archery strategy' when they planned and released their financial plan for the second term of 2022.
Field archery sometimes is done in conditions of uncertainty (Zvikaramba, 2016). Conditions of uncertainty are those of chaos. In business chaos sometimes beckons.
'When shooting field archery, always consider how wind affects arrows. Wind can range from gentle, refreshing breezes to STRONG, unpredictable GUSTS. Learning to judge the speed and direction of wind and their effect on accuracy can keep arrows on course during windy conditions' (archery360.com)
In business, INFLATION can be likened to wind. Therefore, managers need to learn how to adjust and shoot accurately. This enhances business continuity especially, where organisations are caught between hard surfaces and rocks, COVID-19 & INFLATION. The twin devils.
Learn where to aim
In business managers should learn where to aim.
If leaders are confident in every shot, compensating for wind is easy.
For example, in archery, 'If you aim at the target’s centre and your arrow hits 6 mm high, aim 6 mm below its centre on your next shot, assuming you trust your shot. Everything will fall into place once you learn the particulars of where to aim' (Fiala, 2019). There should not be any aim to waste. Every effort must be productive and well calculated to meet the desired effect. In windy conditions, know the time value of your actions. Counter act against all negative forces.
Counter-measures:
Compensating for wind in archery means making timely adjustments before shooting. Managers should also monitor 'wind direction and speed' and adjust accordingly. In an inflationary environment, organisations ought to do adjustments well in time to compensate for loss of purchasing power of money. Things move very fast and leaders must be swift too.
A collective effort is thus required to ensure workers morale is not eroded easily by negativity and inflationary effects. At institutions of higher learning, those in the finance department and faculty of business should take a leading role in unraveling the mystery of inflation to all stakeholders (leaders, managers, workers, lecturers, students and sundry). By so doing, those in authority will make informed and timely decisions.
Decisions could be:
When to buy? What to buy? How to pay? When to pay? Who to pay and at what rate?
Above all, do not be stuck too much in this argument, Apostle Paul says, 'Rejoice always, pray continually, give thanks in all circumstances; for this is God's will for you in Christ Jesus'(1 Thessalonians 5:16-1).
References:
Fiala Brad (2019). How to shoot in the wind. <http://archery360.com> Accessed 01 May 2022.
Zvikaramba Alocate (2016). Decision making in organisations: The Aloz Decision Range Perspective.
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