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In a recent book review I read, the author proposed that the Big Bang might be cyclical. The premise is that given enough time, everything in the universe starts over again. That is a long cycle for sure. We have some time before the cycle is complete and begins again. Until then, the universe will keep expanding.
Having a repeatable cycle is also beneficial on a smaller scale. Like our daily routine. We humans are creatures of habit. Typically, we do not like change. This is especially true in business – we like having a predictable and repeatable process. There is the challenge to keep it from boring routine execution. Management types appreciate working with knowns as opposed to unknowns. Having that consistent process cycle is a good thing.
When managing projects, I like having distinct phases (i.e. – discovery, planning, execution, etc.). Managing phases and cycles across multiple projects can be challenging yet also very rewarding. I enjoy the interesting challenge of having a cycle of multiple projects in different phases. Those situations keep you focused!
I think we are entering a business cycle where things will accelerate. Companies that are properly positioned with resources and good business processes can take advantage with increased sales, market share and ultimately, profit.
What phase is your company currently in? When the boom cycle starts again, will you be ready?