After yesterday's post on adaptability I was inundated with a request to expand on the topic, in case it might help some people at the moment. So as a bit of an experiment I sat down and recorded an unscripted monologue on the topic.

It's a bit on the long side — one take, no editing! — so if you'd like to jump to a specific section you can:

1:00 - The current adaptability crisis
3:45 - Why adaptability matters

6:38 - Cash is reality
8:30 - How much cash do you need?
10:25 - Cash and employee experience

11:50 - The virtue of frugality
14:00 - Price optimization and sacrificing volume
15:20 - Cutting costs to build cash reserves
17:45 - Free cash flow - what it is and why it matters
21:10 - Working capital and freeing up cash
24:30 - Cost structures and their link to adaptability
29:00 - Do you have the right cost structure?

30:50 - Don’t trust people with high fixed costs!
33:40 - Capacity management and slack in the system

37:00 - The relationship between growth and complexity

42:00 - Never let the past look more appealing than the future
44:00 - Reframe challenges as opportunities
45:00 - Get started on the next thing earlier than you think

Full audio is here

See this post on LinkedIn