Time to Quit Your Job?

The economy continues to dominate the news, which is remarkable since there's a presidential election in four days.

Despite what you may have heard, the race isn't over. Doesn't matter though, the economy's the thing. In the business world, as we noted on Wednesday, it's created a frenzied complacency. This point was hammered home, poignantly, by business professor Rita McGrath. Recently she was at a company running a two-day seminar on growth. A quarter of her group didn't show up for day 2; there had been layoffs.

Where John Kotter sees false urgency, McGrath is seeing deer-in-the-headlights leadership. "Instead of absorbing uncertainty for their people, leaders are letting their own feelings of being out of control and not being able to predict the future dominate their communications," she writes.

But what they're both talking about is a lack of resilience.

Still, not everyone is paralyzed by the financial crisis. Take HarvardBusiness.org editor Steve DeMaio, who just quit. Decisive? Yes. Smart? Read his post "I Just Quit My Job -- Am I Crazy?" to feel the stress of decision making play out in real-time.

By Scott Berinato  |  October 31, 2008; 11:32 AM ET  | Category:  Economy Watch
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