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.
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.
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.
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
@g
amirsaiftaz@gmail.com
www.amirsaiftazlobgspot.com