The global economic crisis challenges everyone in general, and managers and leaders in particular.

The global economic crisis challenges everyone in general, and managers and leaders in particular. What should leaders do and not do in the current situation? George Pickering shared knowledge and ideas on this subject at the British Council’s seminar on 10 Nov, 2009.

He began his entertaining talk by drawing participants’ attention to the John F Kennedy comment that the Mandarin word for 'crisis' was made up of two characters which mean 'danger' and 'opportunity'. George encouraged the group to look for opportunities, after outlining the difference between managing and leading and then discussed what to avoid doing and what to do in a crisis. 

George suggested that leaders should:

  1. Lead from the top
  2. Lead from the front
  3. Stay focused on their most important tasks
  4. Be entrepreneurial and look for opportunities
  5. Review their finances
  6. Be honest and keep communicating with staff
  7. Emphasise team work and obtain ideas from staff
  8. Review people management systems
  9. Review strategies
  10. Be results oriented

After the seminar participants had some clear ideas about how to move forward as leaders and how to be effective in a crisis.

Watch the video

Links

Leadership in the era of economic uncertainty—Ram Charan
http://www.ram-charan.com/leadership_economic_uncertainty.htm

Management challenges for the 21st century—Peter Drucker
http://www.businessweek.com/managing/content/apr2008/ca20080415_859407.htm

What makes an effective executive—Peter Drucker
http://www.scribd.com/doc/12360540/HBR-What-Makes-an-Effective-Executive-Peter-Drucker

The Essential Sternberg—James C. Kaufman & Elena L. Grigorenko (eds.)
http://www.springerpub.com/prod.aspx?prod_id=38373

The E-myth revisited—Michael Gerber
http://www.e-myth.com/pub/htdocs/emr_ch1

Leadership in a (Permanent) Crisis—Ronald Heifetz (eds.)
http://hbr.org/2009/07/leadership-in-a-permanent-crisis/ar/1

 

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