Leading In An Economic Downturn

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Executive Summary

Bad leadership got us into this economic crisis - and its good leadership that will get us out. 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. Leadership is about focusing on the future, mobilizing people behind a vision, and inspiring them to achieve it. It's about implementing needed changes. And in the end, it's about achieving results. Leaders are confident and their followers are confident in them; they follow willingly. If a leader lacked this duality of confidence before the economic crisis, it will be especially difficult to develop it now.

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