SoloPoint Insights

6 Management Lessons to Learn From the Rio Olympics

The 2016 Olympics are slated to take place in Rio de Janeiro, Brazil, and they are coming up fast. The months leading up to the event have been fraught with difficulties, but if Rio can pull it off, it could gain the respect of the world and substantially boost the local economy.

But by all accounts, Rio is not well prepared. Their police department is underprepared and possibly corrupt. Disease is a major concern, with Zika, a mosquito-borne illness, spreading in the area and subpar sanitation. A major construction project soon became a major disaster.

It’s got all the earmarks of a potential massive failure.

Do you ever feel like your business is running in the same direction? Problem after problem coming up that you don’t know how to contend with? Here are a few lessons that can be learned from Rio’s difficulties that can help your business run more smoothly.

Assess the scope. If you have a large project coming up or your company is growing rapidly, take time to determine exactly what you will be dealing with before moving on.

Develop a strategy. Exactly what resources will you need to be successful? Do you have the funding, infrastructure and people to pull it off?

Assemble your team. Once you know what you need, find advisors, vendors and partners who can provide you with the right support.

Prepare for the unexpected. Even the best laid plans can go awry. Your plan should include contingencies for unpredictable demand, turnover or shortages.

Rely on the experts. If an opportunity arises that is out of your comfort zone, don’t turn it away; get support. You can’t possibly know everything, but you can partner with people who have the experience and knowledge you need.

Don’t be distracted from your core objectives. Taking on a large project can mean a loss of focus. Don’t put so many resources into a one-time event that you forget what your business is about.

The right partner and the right resources can make all the difference to your business success. That’s why it’s critical to reach out to engineering recruitment experts when you have a management challenge or talent shortage. Want help finding the right people for your engineering team? Management advice from seasoned professionals? Reach out to the team at SoloPoint Solutions today!