Leaders Without Sea Legs: Threats To Staying Aafloat In Uncertain Times
Today, the financial turbulence from the capital markets crisis has set off tidal waves that threaten to capsize all but the hardiest organizational ships. Most companies face dramatically different business challenges than those they encountered during most of the previous decade. For many firms this has materialized as a sudden interruption in momentum from sustained profitable growth to a frightening downturn. The business objective is no longer quarterly performance but the health and long-term survival of the enterprise. This paper elucidates how to lead an organization through a crisis and evaluates leaders' readiness to do so.