If the EU were a company

It’s hard not to write about Greece these days. Over the past 5 years, Greece has not been out of the news. I will not bore you with another political or economic analysis. As one COO always used to say: we are where we are, so let’s move on.

As a Europhile, I can’t really say I’m happy with how the EU is handling the crisis. As an HR professional, let me make the following comparison:

If the EU were a company, shrinking a division’s revenue with 25% (Greece), accumulating losses while obstinately claiming that the non-working strategy will bring positive results in the long run, I’m convinced the Board of the company would have taken action. Removing the leadership team of the company, including the CEO, would have started sometime in year 2. The board would not have stopped there. The divisional leadership, its structure, processes, strategy and people would have been thoroughly reviewed and corrected. Any plan seeking board approval would need to show growth and perspective, no matter what.

I will leave it to you to draw any political or economic conclusions out of this metaphor.

There is however one important leadership lesson I want to draw your attention on.

Successful turnaround stories in companies all over the world share the implementation of a cultural shift. Failing companies need to address their corporate culture first and foremost. Innovation, a willingness to try different strategies and risk-taking are key elements of any positive cultural shift.

Like Greece, the EU needs a cultural shift. It needs to get the EU citizens to embrace adaptability, dialogue and tolerance as a cultural norm. Opposing viewpoints or country-cultures can no longer be a barrier to collaborative success. We need to stop thinking and acting on a national level, lift our head and start thinking on a European one.

Our leaders today sadly fall short on this front. But, unlike in a company, don’t we get the leaders we deserve? Have we not voted for them?

I hereby attach a cartoon by Ilias Makris I found on published on 10/07/2015