What kind of leadership do you need for a downturn then? We are often asked this, and the answer is: “nothing special.” The same balanced approach that marks leadership in good times serves equally well in downturns. When times get tough, mediocre leaders often retreat into a monomaniacal focus on the bottom line. Great leaders, however, continue to balance the long term needs and the short term ones and maintain equal focus on investing in plant, products, marketing and people.
Leaders who understand this will help their organizations stay focused and action-oriented in the face of current conditions, and so be well positioned for the recovery.
Learn the five basic rules of leadership that leaders need to be extraordinarily disciplined in.