Most organizations today are petrified by the uncertainty of the future. They cut down on all spending, freeze projects, lay people off and basically hide under the bed.

Many, but not all. The best companies don’t – such as Merck and IBM. Merck has gone to acquire Schering-Plough in a bold strategic move. IBM has just reaffirmed their commitment to strategic growth in the midst of the economic shambles. This is leadership.

I wrote about the unfortunate myopia of “hankering down” in my October newsletter .  Sometimes, it’s nice to be right.