Economics, Leadership and My Friend Stephanie

If I am ever lucky enough to get the chance to study again, the subject I would like to study is Economics. While the recent crisis has revealed that actually nobody holds all of the answers in this space, I think I would definitely enjoy the journey. Strategy consultancy after University taught me the real basics, and not a day goes by where I do not return to that grounding as the building blocks of my current working life. At some point I would love to top that up with some more detailed learning.

Of course, the reality is that some top line theory from a few years ago is not enough to lead in the current environment. I try to take as lively an interest as I can in all things economic, both in terms of news but also pushing my ongoing learning along. This is not easy because I am lucky if I get a spare minute in a busy day, let alone time for attending a lecture or two. Fortunate, then, that I have my friend Stephanie to rely on!

Stephanie Flanders is the BBC Economics Editor. Actually I have never met her, and I rarely even get the chance to hear her broadcast. I find the car en route to work a little early, and the end of the News at Ten a little late for me to really process complex information. Fortunate for me, then, that she writes a fantastic blog called Stephanomics. This provides me with all the economic news and opinion anyone would need to lead a business in short, concise chunks.

One of Stephanie’s blogs last weekend, ‘Damned if They Do, Damned if They Don’t’ brought home to me once again the challenges our leaders currently face. The truth is, nobody knows which way the economic pendulum will swing, and there is a fine line (or even no line) between too much and not enough fiscal stimulus. Stephanie relays our expectation that leaders will meet this this challenge head on and deal with ambiguity in an agile, proactive way.

Leaders of any business are confronted with their our own version of this tightrope. Over-investment might be risky to the long term health of any business in the current environment, but no more so than under-investment. Our Lane4 approach throughout has been to favour positive, forward movement – launching our broader service offer being the outcome of this approach. We move on remaining confident but not complacent.

http://mattrogan.blogspot.com/2010/04/lane4-our-new-world.html

While I am no more likely to be able to predict the medium or even short term economic picture than the next man, my responsibility as a leader is to have my ear to the ground. My friend Stephanie is by no means the only strategic input to my work at Lane4, but personally I do value the context she sets.

http://www.bbc.co.uk/blogs/thereporters/stephanieflanders/2010/06/damned_if_they_do_damned_if_th.html