Leading in a Crisis

Nadler, Mark; Spencer, Janet
March 2009
Leadership Excellence Essentials;Mar2009, Vol. 26 Issue 3, p16
The authors encourage business leaders to apply seven principles that can prepare them to lead through an economic recession. They advise leaders to design a new business model or start downsizing before adopting a new strategy. Also noted is the importance of developing cost-saving initiatives. They add that the senior team must be kept engaged, aligned and committed.


Related Articles

  • New year: new goals, behaviors, tasks. BORTH, KELLY // Smart Business Columbus;Dec2015, Vol. 24 Issue 3, p7 

    The article offers suggestions on how business owners can increase the opportunity of its sales teams to succeed and get the members be accountable for the sales goal the company hopes to achieve. The tips discussed include defining where new growth comes from, establishing the plan, and...

  • What's Next? Confidence Begins With…You. Axelrad, Marge // Vision Monday;1/19/2009, Vol. 23 Issue 1, p3 

    The article discusses the need for business leaders to create trust and support from associates as well as patients and retail customers as consumer confidence continues to be challenged. Leaders can help prevent uncertainty by staying focused and creating opportunities for their internal team...

  • Plan B How designers are changing their business models to address the new economic landscape. Quenqua, Douglas // ASID ICON;2011, Vol. 13 Issue 1, p15 

    The article discusses how interior design firms are changing their business models to deal with the recession. It is stated that in such situation, a business can survive by either cutting costs, or increasing revenue. Cost cutting methods include specialization, reducing staff, and downsizing...

  • Cut back and shore up.  // Chain Store Age;Apr2009, Vol. 85 Issue 4, p25 

    The article offers tips to retail chains on planning staffing reductions while positioning their business for the post-recession period. Craig Rowley of human resource consultancy Hay Group suggests redesigning or refocusing functions that have less importance, evaluating staffing levels for...

  • MAXED OUT. Fields-White, MonÉe // Crain's Chicago Business;9/28/2009, Vol. 32 Issue 39, p4 

    The article reports that office product retailer OfficeMax Inc. has closed underperforming stores and cut jobs over the past several years that have helped it to beat earnings expectations despite several quarters of losses. OfficeMax chief executive officer (CEO) Sam Duncan unveiled a...

  • Four Go Down To One: Macy's Cuts Divisions And 7,000 Employees. Moin, David // WWD: Women's Wear Daily;2/3/2009, Vol. 197 Issue 22, p1 

    The article reports that Macy's Inc. has centralized its four division to one operation and has reduced its manpower by 4 percent or 7,000 jobs to cope with the worsening economy in New York City. Macy's move was cited as one of its series of steps to financially save and improve cash flow. It...

  • Lower profits are new reality.  // MEED: Middle East Economic Digest;2/20/2009, Vol. 53 Issue 8, p6 

    The article discusses results of the Gulf Construction Outlook Survey which has found that the current downturn has forced construction firms to rapidly rewrite their business plans. The survey found that 70 per cent of construction firms are preparing to make significant job cuts this year and...

  • Outsourcing Product Development. Hartman, Lauren R. // Food Processing (00156523);Oct2016, Vol. 77 Issue 10, p42 

    The article discusses the benefits of outsourcing research and development (R&D) as cost-cutting and downsizing strategies for a company. Topics discussed include insights from Barb Stucky, president of design company Mattson on how outsourced R&D allows organization to tap experience across...

  • The next steps at Citigroup.  // Crain's New York Business;4/16/2007, Vol. 23 Issue 16, p12 

    The article comments on the cost-cutting plan of Citigroup Inc. It has been said that the staffing reductions of the company were so modest that they will almost certainly not be the final word. Most of the cuts will likely affect back-office and clerical personnel with experience in technology...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics