By Bob Herbold
Recently the U.S. Postal Service (USPS) announced it would stop delivering mail on Saturdays. It is expected to save $2 billion a year, a drop in the bucket compared to the $16 billion loss reported in 2012. Besides the staggering annual loss, the USPS twice defaulted on payments totalling $11 billion in 2012 and it exhausted a $15 billion line of credit from the U.S. Treasury.
So…what can you learn about leadership from such a sad story?
The Post Office: Lessons Learned From A Leadership Catastrophe
Posted by
Sian Phillips under Management
From http://tweakyourbiz.com 93 days ago
Made Hot by: SimplySmallBiz on February 15, 2013 7:13 pm
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Comments
92 days ago
Thanks for the great post. Ultimately, organizations facing competition like this need great leadership above all else, so lack of leadership simply makes this issue worse. Thanks to Sian for sharing this post with the BizSugar community.
93 days ago
Bob Herbold: Thanks for speaking out. It is scary that if you try to compete with the stated owned postal office, they could "go postal" and put you behind bars...
93 days ago