Could being resource rich be a problem? Leaders work to build resources to weather storms or take advantage of sudden investment opportunities. This is wise. There is a spot, though, where resource abundance can become a disadvantage. Manager’s mindsets shift subtly. The greater the buffer, the less careful leaders become managing resources.
Resource scarcity forces us to think more carefully about how we deploy those limited resources. We get more creative in our solutions. History shows innovation often emerges from people who turned their limited resources into an advantage.
Build buffer but manage as if your organization is resource poor.
“Beware of little expenses. A small leak will sink a great ship.” Benjamin Franklin
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