This document discusses leadership strategies for tough economic times. It emphasizes that effective leadership is especially critical during difficult periods. Good leaders remain committed to their people, transfer a positive outlook, and see opportunities despite negativity. The document recommends reviewing strategy, leading by example, adding value without extra costs, using market conditions to negotiate better deals, and encouraging continuous improvement to pursue opportunities created by the downturn. Leaders should build a positive and motivating workplace to retain talent, invest in training, and reinforce how important employees are to help the company survive challenges.

1. Leadership In Tough Times
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2. An inspiration from
Management Article
Management Article

3. !!!! Quote !!!!
The unique ability to take decisive action while
maintaining focus on the ultimate mission is what
i i i f h li i i i h
defines a true leader.
Robert Kiyosaki

4. As organizations adapt to changing
business environments, the need for
effective leadership is especially critical.
effective leadership is especially critical

5. When times are good, leading a
company or a team is exciting.

6. Resources are plentiful, customers
are satisfied, and opportunity is
everywhere.

7. However, when the economic conditions are
challenging, this excitement and positive
energy tend to weaken. People often feel
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the pressures of work, and they fear for
their job security.

8. These worries and fears present a major
challenge for leaders who want to keep
their teams on target and productive.

9. Good leadership is good leadership,
regardless of the economic climate.

10. However, during difficult times, top‐
notch leadership skills become even
more important.

11. Second‐rate leaders might be able to keep a
company going in a strong economy, but you
need high‐performing leaders to succeed in
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tough times.

12. Of course, you need leaders who can
control costs and conserve cash.

13. However you also need leaders who see
opportunity ‐ and who will strive to
seize that opportunity ‐ despite all the
seize that opportunity despite all the
negativity.

14. You need leaders who remain
committed to their people.

15. And you need leaders who can transfer
their own positive outlook to the
people around them.
people around them

16. Create New Opportunities

17. In an economic downturn, you need to
In an economic downturn you need to
conserve your resources so that you can
survive. However, you also need to position
yourself to benefit as competitors falter,
and to be ready when the economy
recovers. An economy in decline is often an
i d li i f
opportunity to regroup, rethink, and renew.

18. To take advantage of new opportunities,
consider doing the following: ‐
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19. Review
R i
your
strategy
Leadership in
tough times
Use
Market
condition
condition

20. Review your Lead by Add value Use market Take the continuous
strategy example •One of the ways y conditions opportunity to improvement
•Figure out which •Now, more than that leaders can •If you're a senior trim costs
objectives you're ever, you have to gain greater manager, consider •Look at your
market share and •Encourage cost‐
meeting, which lead 'from the looking for consciousness systems and
ones need more front' by setting an improve bargains, in terms processes to find
operations is by within your team
emphasis, and example. Take of mergers and or organization. efficiency
y
which ones you p
personal really listening to q ,
acquisitions, which opportunities. Lead
opportunities. Lead
their customers.
h Now is a great time
Now is a great time
should reconsider responsibility for will improve your to do this ‐ the way in building
or drop as the customer care and Look for innovative company's future a culture of
everyone knows
environment contact. Actively ways to add value competitive continuous
without adding that times are
around you pursue new position. Whatever tough, and people improvement
changes. business. Show costs, and win level you're at, (members only).
customers who will be more willing
that you're willing negotiate keener than ever to cut You can use these
to make extra
t k t aren t being well
aren't being well rates with
t ith savings to pursue
unnecessary costs.
effort to commit to served by your suppliers, which the numerous
the organization's competitors. you can continue opportunities
success. to enjoy after the created by the
economy recovers. downturn.

21. Negative messages are all too common
during economic downturns.
during economic downturns

22. People are losing their jobs, unemployment
rates are going up, and personal and
t i d l d
corporate bankruptcies are increasing.

23. This can weaken morale, both in the
workplace and in society as a whole, and it
workplace and in society as a whole and it
can tip people into panic, severely
damaging their productivity.
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24. Use this time to reinforce how important
they are, and build the skills they need to
they are and build the skills they need to
help the company survive.

25. Project
Build a
Build a Positive
Positive
motivating Energy
Be creative workplace
with
recruitment
recruitment
Retain your and retention
best people
Invest time in
leadership skills
training

26. Thank you,
Thank you
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