Welcome to Mandator Tools. I'm Mark Horsman, one of the co-founders here. Due to coronavirus, we thought it would be helpful for us to re-release some

casts that address problems that you may now be facing in your professional or managerial life.

We have topics like phone one-on-ones and distance management, for those of you who are being

asked or encouraged to

telecommute and much more.

What's more, we're releasing these casts daily

over the next several days.

We didn't want you to have to go back through our archive and find things that might be relevant. We've already done that search for you. We hope this helps and if you need help, reach out to us. Good luck in the days, weeks and months ahead. We're rooting for you.

Welcome to manager tools. Today's topic, Race Stone Chase, part one of two. Hi everyone this is Mike and welcome back to manager tools you know most any manager can

manage well or at least look good managing when times are good retention is as

easy as it will ever be budgets tend to grow to hide lack of controls, and others want to join your team, so hiring

is easy too.

But during tough economic times, like today, the professional manager has to manage with more

effectiveness than at almost any other time.

She's distracted by her own concerns while having keep tabs on the concerns of her team.

She has to listen to the rumors flying around about layoffs and mergers and industry moves

and then apply them not only to her situation, but also makes sense

of them for her team.

And oh yes, she has to do this all and cut costs too.

Listen in, we'll share the first rules of budget management in a downturn.

Race, don't chase.

Here we go. Well, I hate to say it, but this is once again one of those casts that really ought to be common knowledge

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