Industry News

COVID-19 crisis provides lessons for good decision-making for business leaders

Views : 246
Update time : 2020-05-20 19:23:08

We definitely live in unusual times but, as always, there are lessons around us. What I see happening offers us a vivid and useful lesson in information and decision management. This is a strictly objective review. Regardless of your political preferences, you should see what is happening and how a health crisis began to look more like a professional wrestling match than a professionally managed situation. During crises, mistakes are made. It’s easy to judge from afar. However, the greatest mistake we can make is not to learn from the mistakes of the past.

Some of these lessons translate well into your decision-making on the plant floor. With the onset of the industrial internet of things (IIot), it is critical that we all understand the risks and opportunities presented by the increased availability of information. Much as with social media, uninformed sharing can be a destructive force in your manufacturing and fabricating organization.

Related News
Read More >>
Aluminum price expected to be $2,390/ton for 2024 Aluminum price expected to be $2,390/ton for 2024
Sep .19.2024
Aluminum price expected to be $2,390/ton for 2024
China decreases alumina exports in Aug China decreases alumina exports in Aug
Sep .19.2024
China decreases alumina exports in Aug
US’ bauxite imports drop in Q2 due to lower primary aluminum output US’ bauxite imports drop in Q2 due to lower primary aluminum output
Sep .19.2024
US’ bauxite imports drop in Q2 due to lower primary aluminum output
Aluminum stocks at Japan's 3 major ports rise in Aug Aluminum stocks at Japan's 3 major ports rise in Aug
Sep .19.2024
Aluminum stocks at Japan's 3 major ports rise in Aug