Business Lessons from the Texas Power Freeze

Winterization is the technical term for preparing your home, car, business, or person for extreme cold weather.

My Norwegian friends tell me that there’s no such thing as bad weather, only bad clothing.

Winterization is a set of preventative actions you take so that your pipes don’t burst, your engine doesn’t seize, and you don’t get frostbite.

Corrective and adaptive actions are measures you take when these problems occur. 

You replace the pipes (corrective), repair the damage to your home (adaptive), replace the engine (corrective), or get surgery for a damaged limb (adaptive).

Preventative action is always less expensive than corrective or adaptive action.

Don’t be distracted by the blame-game as Texas politicians and energy officials point fingers. 

The failure to winterize facilities and ensure a reliable power baseload has resulted in a deadly and expensive nightmare for Texans.

You can’t control the weather, pandemics, or many other factors that affect your business.

You can control whether or not you invest in sensible preventative action.

Think of preventative actions in three categories:

Leadership: Investing in your people (and board of directors) so that they make good decisions and inspire people to contribute their best.

Culture: Strengthening your team’s operating system of values and expectations – improving how you work together and serve your customers. 

Strategy: Governing your organization’s purpose and direction and executing a solid game-plan to reach your goals.

Ten years ago, Texas had an energy freeze like it’s experiencing today. 

They failed to take preventative actions afterward.

What preventative actions will you take to protect your business?

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