leadership: April 2008 Archives
Leadership in Times of Trouble
By Dr. Edwin Weaver
Unique Leaders
March 3, 2008
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All throughout recorded history, the country or company who had good leadership, in place, prior to a recession was able to weather the storm and come out stronger and better than before. These times of trouble or recessions weed out the weaker companies and the weaker leadership.
This is not to say that just because a company survives the recession that they have good leadership. A company may survive because they have enough capital in reserve to weather the storm. The difference is the condition of the company after the recession.
The company who survives the recession only on capital comes out of the recession hungry. They need to replenish their capital. They did not have good leadership prior to the recession, so they were not poised to survive and take advantage of the recession. Therefore, they exit the recession alive but hungry. Their capital is depleted and they fall on their competitors like a ravaging animal.
On the other hand, the company who had good leadership prior to the recession saw the writing on the wall and they were prepared for the recession. They had plans A B and C ready. During the recession they were able to continue making profits, without depleting their capital.
Because of their superior position, while the recession was still in progress, they were able to offer hope to companies who were floundering in the troubled times. Even in the recession, they were able to buyout weaker companies and make them profitable again. Though money was tight, they were able to re-train the management team of these companies and install new leadership, which model the parent leadership.
At the end of the recession, they exit the tough times stronger than when the recession began. They now control more than before and have more profits entering the company than before. They have expanded their territory in an honorable way.
Which of these models will your company copy? Will you survive on capital? Will you flounder and fail? Will you survive and even though in a recession, prosper?
Leadership trained by Unique Leaders survives and leader their companies to prosperous ground. To find out more about leadership in times of recession, contact Unique Leaders - www.uniqueleaders.org
Unique Leaders Professional Development Consultants can help you with leadership development, management training, and succession planning. www.uniqueleaders_005.htm
