It is understandable that fear is inherent in every human being. Yet, there is always fear as to what to how to meet our daily needs and the needs of our beloved ones. In the same way, management of organizations also have fear. The fear that they might lose some of their talents or lose market share to competitors. So, the question is: how can organizations deal with fear?
One way to reduce fear or anxiety is by thinking outside the box. For example, the leaders should think about what the competitor might bring to the market. In other words, leaders should anticipate what might happen so they can get ahead of the competition. In this case, fear becomes a positive attribute. Another benefit of fear is that it makes organizations look outside instead of stuck in their internal politics.
Regarding losing employees, organizations should have a good compensation plan so employees will feel comfortable. Another solution will be to have a good succession plan in place in all levels of hierarchy. In this way, no one will think he or she is indispensable. Breeding talents and having succession plan are two factors that can keep an organization become more stable.
The management of organizations should consider the above advice!
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