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We are in the midst of the most severe recession in the memories of most anyone alive. Many experts estimate that the causes of this recession are more severe than those that created the Great Depression in the late 1920s. Because the downturn is unprecedented, few clear guidelines exist for leaders about how to effectively respond to the unparalleled challenges. In this paper, the author relies on two decades of empirical research on organizations that have faced difficult economic situations but achieved unexpected and exceptional levels of success. Carefully examining these organizations has helped uncover some unusual leadership strategies that can serve as guidelines to leaders facing tying times.
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