Leading in troubled times

Abstract

That there are business cycles is well known. In the last 100 years, there have been several economic downturns leaving in its wake many shriveled businesses, bankruptcies and nightmares. What are unknown and difficult to predict are the timing, duration and severity of a recession. That makes it is even harder to prepare for the rough and tumble of volatile times, strategically, operationally and psychologically, especially after the euphoria that typically precedes severe economic climates.

In good times, leading is easy. When the Barcelona football team is in form, all decisions by the coach or manager seem to lead to the same result – victory. It is when the chips are down that true leadership mettle comes to the fore. So what can leaders do to better navigate troubled times in order to not only survive but also exploit the environment to their advantage?..... Read more at: https://kanchanmukherjee.wordpress.com/2014/03/20/leading-in-troubled-times/