It’s been a long time since the last serious economic downturn in 2008-2009 and the attendant uncertainty and volatility that accompanied it. Businesspeople hate environments like this, and the doom and gloom can spread wider and deeper than it should, paralyzing the willingness to make decisions and take risk.
At times like this, CEOs must manage their teams and themselves. It can be hard to point to a story about a bright future when a leader isn’t sure there is one. But if he or she doesn’t, their followers will make one up….and it probably won’t be positive.
Chief Executive Magazine reminds us that “Leadership is the difference. To that end, here are some ideas for thriving in uncertainty, cribbed over the years from the CEO community as well as some of the best minds in business (Ram Charan, Jim Collins, Patrick Lencioni, Fred Reichheld, Marshall Goldsmith, Verne Harnish, Adam Echter and many more). You know all this already, but it can’t hurt to be reminded:”
Volatility feels risky, but within is opportunity as well. Many great companies were started in tough times. If you look, you’ll find the “The Opportunity in Volatility.”
I hope you’ll share this one with other leaders in your company or elsewhere.
