Gaining ground
Leadership in a downturn
by Hewitt Associates
Global financial markets are in turmoil, politicians are scrambling for solutions, employee layoffs are increasing and corporate strategies are unable to address the rapidly changing economic landscape. All are strong indications of a serious dearth of leadership. Bad leadership got us into today's economic crisis — we’ll need good leadership to get us out.
Although the core principles of leadership have stood the test of time, and current circumstances will not change them, there are certain behaviors or practices that leaders need to emphasize now or risk having their inaction later deemed a fatal flaw.
The point of view paper by Hewitt’s experts, Hewitt Point of View: Leading in an Economic Downturn (pdf, 732k), suggests some specific actions you can take now to lead effectively in this challenging economic environment.
Reprinted with permission, Hewitt Associates, 2009. www.hewitt.com
