Date Added: May 2009
You're a business leader and the economy is falling into a deep recession. How will you react? What kind of leader will you be? This paper discusses four types of leaders and which one you should be. As a business owner, you must remain calm in troubled times, but these times are unprecedented. Credit for commercial building has nearly dried up. Homebuilders continued to cut spending at a 23.6% annual rate during the fourth quarter of 2008. The world has slipped into a recession that could easily last two years or more. Whether the economic downturn lasts six months or 36 months, as a leader in the construction business you need survival plan.