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Four Things Leaders Must Do When Times Are Tough

Published by on September 4, 2017

In normal business cycles change is always there and we are able to realign our company cultures to continue to be effective. Today disruption is the norm with multiple parts of our value chain changing and never coming back. Leaders must be dealers in hope that the future will be better than the present. This Forbes post is excellent:

“The average lifespan of a company in the S&P 500 was 67 years in the 1920s. Today, it’s under 15. Companies have to adapt to new environments and situations faster than ever before, and the threat of macroeconomic turmoil and business model disruption is as high as it ever has been.”

As a leader, what can you do in the midst of these challenges? In difficult times, research shows that the key is to instill trust, compassion, stability and hope.

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