Date Added: Feb 2010
The recent economic downturn has challenged executives with the dual imperatives of short-term survival and long-term sustainability. When pressed by demands to cut costs and increase efficiency, many leaders scrambled to revise strategies, reduce headcount, categorically cut budgets, or simply changed their stated priorities and hoped for better results. Many overlooked the power of talent inside their organizations. That could be a big mistake. Uncertain economic realities only increase the need for consistent and dependable strategy execution. Successful leaders recognize that a more effective and sustainable approach lies in narrowing their focus to what is most important. They enhance their ability to execute on a few critical goals by instilling basic behaviors and disciplines into their organizations that will unleash the talent inherent in their workforce.