SlideShare a Scribd company logo
T H I E R R Y D E N T I C E . I N F O
H O W L E A D E R S S H O U L D
H A N D L E C O M P A N Y
D O W N T U R N
Thierry Dentice
Effectively dealing with challenges or struggles
when a business is undergoing a massive
economic or structural downturn is a incredibly
difficult task for leaders regardless of industry. To
create and maintain long-term success, be sure to
follow these steps to stabilize workflow internally,
while also producing an atmosphere that is
conducive to further business engagements.
Along with utilizing emotional intelligence
throughout these various processes, using a
concept titled “strategic empathy,” allows leaders
to project an interesting balance of both the
individual employee and the overarching
business goals. Emotional intelligence is also a
key component to remember as you maintain
business relationships with employees, upper
management officials and employees who report
directly to you.
Appreciate Honesty
Even if sometimes honesty in the workplace can be
frowned upon, as your company undergoes this
transition, be sure to value and highlight the importance
of truthful advice, thoughts, or ideas during meetings.
Although you must listen at every level, the best leaders
look carefully for that middle ground or middle
manager that deconstruct whatever is going on
internally is a great way to move forward and grow to
better times.
Anxiety
In addition to leaders being anxious about the
company’s future, keep in mind that employees of
all levels are aware of the business’ current state.
While there is a huge possibility you may be
experiencing a huge amount of anxiety, take a
deep breath and be the role model for your team.
This in turn will quell any nervousness, anxiety or
doubts your employees may be experiencing.
Fix Whatever is Broken
One mistake that many leaders fail to address
properly is fix or deal with the issue before it
spirals out of control. Utilizing decisiveness as a
salient tool is the best way to align your verbal
confirmations with intelligent, well-thought out
action.
Outside Perspectives
Receiving advice from other coworkers, employees or
leaders internally can be quite useful, but this
information can be somewhat partial. Keeping an eye
out for objective perspectives that can offer unbiased
insight in this business situation can create a level of
awareness to issues you may be overlooking. Peers,
friends from other companies who have undergone a
similar experience, and leaders in different industries
can offer sound insight that has the potential of guiding
your company through this difficult time.
Collective Effort
Another important step to take while your
business is struggling is to create at atmosphere
built around working towards a common goal.
Establishing a common, single-focused mindset
can not only appease everyone’s conscious a bit,
but also augment positivity across the board.
Challenges like these will test your strength,
perseverance and dedication as a leader in your
respective field.

More Related Content

What's hot

Tanaya Walters | Why you Should Encourage Employees to Fail
Tanaya Walters | Why you Should Encourage Employees to FailTanaya Walters | Why you Should Encourage Employees to Fail
Tanaya Walters | Why you Should Encourage Employees to Fail
Tanaya Walters, M.S. Ed. D
 
How to be a better manager?
How to be a better manager?How to be a better manager?
How to be a better manager?
Chiță Andreea
 
How to be a successful interim
How to be a successful interimHow to be a successful interim
How to be a successful interim
Rorie Devine
 
4 Small Business Management Mistakes You Don't Know You're Making
4 Small Business Management Mistakes You Don't Know You're Making4 Small Business Management Mistakes You Don't Know You're Making
4 Small Business Management Mistakes You Don't Know You're Making
Virtual Assistant Israel
 
Stepping into a new leadership role
Stepping into a new leadership roleStepping into a new leadership role
Stepping into a new leadership role
Frank Rzeznikiewicz
 
Pole Position
Pole PositionPole Position
Pole Position
Clinical Professionals
 
Four tips to give your team a boost in time of crisis
Four tips to give your team a boost in time of crisisFour tips to give your team a boost in time of crisis
Four tips to give your team a boost in time of crisis
The Cloud Communications division of NTT Ltd.
 
Creating your professional development plan 3 surprising truths
Creating your professional development plan 3 surprising truthsCreating your professional development plan 3 surprising truths
Creating your professional development plan 3 surprising truths
Emmanuel Leslie Addae
 
How to Manage Fear of Failure Effectively
How to Manage Fear of Failure EffectivelyHow to Manage Fear of Failure Effectively
How to Manage Fear of Failure Effectively
Kim Reed Perell
 
Coaching for Growth and Development Part 1 - Do you have a Growth Mindset?
Coaching for Growth and Development Part 1 - Do you have a Growth Mindset?Coaching for Growth and Development Part 1 - Do you have a Growth Mindset?
Coaching for Growth and Development Part 1 - Do you have a Growth Mindset?
Mindstrong Ltd
 
Utilizing Open Mindedness in Leadership
Utilizing Open Mindedness in LeadershipUtilizing Open Mindedness in Leadership
Utilizing Open Mindedness in Leadership
Thierry Dentice
 
IQ Work Hacks - Productivity
IQ Work Hacks - ProductivityIQ Work Hacks - Productivity
IQ Work Hacks - Productivity
InterQuest Group
 
Accountatbility
AccountatbilityAccountatbility
Accountatbility
FAST NUCES
 
Glen Wakeman blog
Glen Wakeman blogGlen Wakeman blog
Glen Wakeman blog
Glen Wakeman
 
10 Things Successful People Do at Work
10 Things Successful People Do at Work10 Things Successful People Do at Work
10 Things Successful People Do at Work
Susan Smith
 
Execution
ExecutionExecution
Execution
Simarprit Singh
 
Survivor Guide: Leading in Difficult Times
Survivor Guide: Leading in Difficult TimesSurvivor Guide: Leading in Difficult Times
Survivor Guide: Leading in Difficult Times
Harriet Pea
 
6 things you're doing to demotivate your staff
6 things you're doing to demotivate your staff6 things you're doing to demotivate your staff
6 things you're doing to demotivate your staff
Sandglaz
 
8 Habits for exceptional project managers
8 Habits for exceptional project managers8 Habits for exceptional project managers
8 Habits for exceptional project managers
Alberto TH
 
Work strengths
Work strengthsWork strengths
Work strengths
Paula Clark
 

What's hot (20)

Tanaya Walters | Why you Should Encourage Employees to Fail
Tanaya Walters | Why you Should Encourage Employees to FailTanaya Walters | Why you Should Encourage Employees to Fail
Tanaya Walters | Why you Should Encourage Employees to Fail
 
How to be a better manager?
How to be a better manager?How to be a better manager?
How to be a better manager?
 
How to be a successful interim
How to be a successful interimHow to be a successful interim
How to be a successful interim
 
4 Small Business Management Mistakes You Don't Know You're Making
4 Small Business Management Mistakes You Don't Know You're Making4 Small Business Management Mistakes You Don't Know You're Making
4 Small Business Management Mistakes You Don't Know You're Making
 
Stepping into a new leadership role
Stepping into a new leadership roleStepping into a new leadership role
Stepping into a new leadership role
 
Pole Position
Pole PositionPole Position
Pole Position
 
Four tips to give your team a boost in time of crisis
Four tips to give your team a boost in time of crisisFour tips to give your team a boost in time of crisis
Four tips to give your team a boost in time of crisis
 
Creating your professional development plan 3 surprising truths
Creating your professional development plan 3 surprising truthsCreating your professional development plan 3 surprising truths
Creating your professional development plan 3 surprising truths
 
How to Manage Fear of Failure Effectively
How to Manage Fear of Failure EffectivelyHow to Manage Fear of Failure Effectively
How to Manage Fear of Failure Effectively
 
Coaching for Growth and Development Part 1 - Do you have a Growth Mindset?
Coaching for Growth and Development Part 1 - Do you have a Growth Mindset?Coaching for Growth and Development Part 1 - Do you have a Growth Mindset?
Coaching for Growth and Development Part 1 - Do you have a Growth Mindset?
 
Utilizing Open Mindedness in Leadership
Utilizing Open Mindedness in LeadershipUtilizing Open Mindedness in Leadership
Utilizing Open Mindedness in Leadership
 
IQ Work Hacks - Productivity
IQ Work Hacks - ProductivityIQ Work Hacks - Productivity
IQ Work Hacks - Productivity
 
Accountatbility
AccountatbilityAccountatbility
Accountatbility
 
Glen Wakeman blog
Glen Wakeman blogGlen Wakeman blog
Glen Wakeman blog
 
10 Things Successful People Do at Work
10 Things Successful People Do at Work10 Things Successful People Do at Work
10 Things Successful People Do at Work
 
Execution
ExecutionExecution
Execution
 
Survivor Guide: Leading in Difficult Times
Survivor Guide: Leading in Difficult TimesSurvivor Guide: Leading in Difficult Times
Survivor Guide: Leading in Difficult Times
 
6 things you're doing to demotivate your staff
6 things you're doing to demotivate your staff6 things you're doing to demotivate your staff
6 things you're doing to demotivate your staff
 
8 Habits for exceptional project managers
8 Habits for exceptional project managers8 Habits for exceptional project managers
8 Habits for exceptional project managers
 
Work strengths
Work strengthsWork strengths
Work strengths
 

Viewers also liked

DDoS Defense for the Hosting Provider - Protection for you and your customers
DDoS Defense for the Hosting Provider - Protection for you and your customersDDoS Defense for the Hosting Provider - Protection for you and your customers
DDoS Defense for the Hosting Provider - Protection for you and your customers
Stephanie Weagle
 
Graphic Design Portraits
Graphic Design PortraitsGraphic Design Portraits
Graphic Design Portraits
Bailey Hall
 
Graphic Design Portfolio
Graphic Design PortfolioGraphic Design Portfolio
Graphic Design Portfolio
Bailey Hall
 
Malta Presentation final
Malta Presentation finalMalta Presentation final
Malta Presentation final
Martin Allison
 
DDoS Attacks Advancing and Enduring a SANS & Corero Survey
DDoS Attacks Advancing and Enduring a SANS & Corero SurveyDDoS Attacks Advancing and Enduring a SANS & Corero Survey
DDoS Attacks Advancing and Enduring a SANS & Corero Survey
Stephanie Weagle
 
Business Portfolio
Business PortfolioBusiness Portfolio
Business Portfolio
Bailey Hall
 
Information Security Systems
Information Security SystemsInformation Security Systems
Information Security Systems
Eyad Mhanna
 
Tasting Tuscany: Florence's Best Restaurants
Tasting Tuscany: Florence's Best RestaurantsTasting Tuscany: Florence's Best Restaurants
Tasting Tuscany: Florence's Best Restaurants
Thierry Dentice
 
LeedsCommunityFoundation all about us
LeedsCommunityFoundation all about usLeedsCommunityFoundation all about us
LeedsCommunityFoundation all about us
Martin Allison
 
5 Memorable Ways to Travel
5 Memorable Ways to Travel5 Memorable Ways to Travel
5 Memorable Ways to Travel
Thierry Dentice
 
Twas the night before payday - A tale of DDoS attacks
Twas the night before payday - A tale of DDoS attacksTwas the night before payday - A tale of DDoS attacks
Twas the night before payday - A tale of DDoS attacks
Stephanie Weagle
 
Rewriting the Rules for DDoS Protection in 2015
Rewriting the Rules for DDoS Protection in 2015Rewriting the Rules for DDoS Protection in 2015
Rewriting the Rules for DDoS Protection in 2015
Stephanie Weagle
 
OSGi
OSGiOSGi

Viewers also liked (13)

DDoS Defense for the Hosting Provider - Protection for you and your customers
DDoS Defense for the Hosting Provider - Protection for you and your customersDDoS Defense for the Hosting Provider - Protection for you and your customers
DDoS Defense for the Hosting Provider - Protection for you and your customers
 
Graphic Design Portraits
Graphic Design PortraitsGraphic Design Portraits
Graphic Design Portraits
 
Graphic Design Portfolio
Graphic Design PortfolioGraphic Design Portfolio
Graphic Design Portfolio
 
Malta Presentation final
Malta Presentation finalMalta Presentation final
Malta Presentation final
 
DDoS Attacks Advancing and Enduring a SANS & Corero Survey
DDoS Attacks Advancing and Enduring a SANS & Corero SurveyDDoS Attacks Advancing and Enduring a SANS & Corero Survey
DDoS Attacks Advancing and Enduring a SANS & Corero Survey
 
Business Portfolio
Business PortfolioBusiness Portfolio
Business Portfolio
 
Information Security Systems
Information Security SystemsInformation Security Systems
Information Security Systems
 
Tasting Tuscany: Florence's Best Restaurants
Tasting Tuscany: Florence's Best RestaurantsTasting Tuscany: Florence's Best Restaurants
Tasting Tuscany: Florence's Best Restaurants
 
LeedsCommunityFoundation all about us
LeedsCommunityFoundation all about usLeedsCommunityFoundation all about us
LeedsCommunityFoundation all about us
 
5 Memorable Ways to Travel
5 Memorable Ways to Travel5 Memorable Ways to Travel
5 Memorable Ways to Travel
 
Twas the night before payday - A tale of DDoS attacks
Twas the night before payday - A tale of DDoS attacksTwas the night before payday - A tale of DDoS attacks
Twas the night before payday - A tale of DDoS attacks
 
Rewriting the Rules for DDoS Protection in 2015
Rewriting the Rules for DDoS Protection in 2015Rewriting the Rules for DDoS Protection in 2015
Rewriting the Rules for DDoS Protection in 2015
 
OSGi
OSGiOSGi
OSGi
 

Similar to How Leaders Should Handle Company Downturn

Remote Working in a Crisis: A Workplace Toolkit [White Paper]
Remote Working in a Crisis: A Workplace Toolkit [White Paper]Remote Working in a Crisis: A Workplace Toolkit [White Paper]
Remote Working in a Crisis: A Workplace Toolkit [White Paper]
Sage HR
 
Rob livingstone - Australian Payroll Association's Annual Conference May 2011
Rob livingstone  - Australian Payroll Association's Annual Conference May 2011Rob livingstone  - Australian Payroll Association's Annual Conference May 2011
Rob livingstone - Australian Payroll Association's Annual Conference May 2011
Livingstone Advisory
 
Canny Bites Book 4 - successfully scale up or exit your business - A BLUEPR...
Canny Bites Book 4 - successfully scale up or exit your business  -  A BLUEPR...Canny Bites Book 4 - successfully scale up or exit your business  -  A BLUEPR...
Canny Bites Book 4 - successfully scale up or exit your business - A BLUEPR...
The Pathway Group
 
People empowerment secrets
People empowerment secretsPeople empowerment secrets
People empowerment secrets
AFFOSouradji
 
IPEX - `The Secrets of Success`
IPEX - `The Secrets of Success`IPEX - `The Secrets of Success`
IPEX - `The Secrets of Success`
Cavendish
 
A to Z of Building a Winning Team
A to Z of Building a Winning TeamA to Z of Building a Winning Team
A to Z of Building a Winning Team
Mark Conway
 
Comment about this post.Motivators to help employees at the workpl.pdf
Comment about this post.Motivators to help employees at the workpl.pdfComment about this post.Motivators to help employees at the workpl.pdf
Comment about this post.Motivators to help employees at the workpl.pdf
sels6
 
FailSafe Business Growth eBook
FailSafe Business Growth eBookFailSafe Business Growth eBook
FailSafe Business Growth eBook
Bahaa Moukadam
 
How to Maintain Company Morale in Times of Uncertainty.pdf
How to Maintain Company Morale in Times of Uncertainty.pdfHow to Maintain Company Morale in Times of Uncertainty.pdf
How to Maintain Company Morale in Times of Uncertainty.pdf
TEWMAGAZINE
 
Trigger Strategies - Brand Influence and Presence - The 3 Keys to the C-Suite...
Trigger Strategies - Brand Influence and Presence - The 3 Keys to the C-Suite...Trigger Strategies - Brand Influence and Presence - The 3 Keys to the C-Suite...
Trigger Strategies - Brand Influence and Presence - The 3 Keys to the C-Suite...
Neil Thornton HBA, MA
 
People Empowerment Secrets.pdf
People Empowerment Secrets.pdfPeople Empowerment Secrets.pdf
People Empowerment Secrets.pdf
Nisa T
 
Doing Business the Emotional Way
Doing Business the Emotional WayDoing Business the Emotional Way
Doing Business the Emotional Way
Funmi Ade. MPhil, FIC.
 
1231-ilead-The-Hidden-Dimension-of-Business-Success copy
1231-ilead-The-Hidden-Dimension-of-Business-Success copy1231-ilead-The-Hidden-Dimension-of-Business-Success copy
1231-ilead-The-Hidden-Dimension-of-Business-Success copy
Dave Bowler
 
TSGMindset Mattersa
TSGMindset MattersaTSGMindset Mattersa
TSGMindset Mattersa
Todd S. Greenberg
 
Thompson chapter
Thompson chapterThompson chapter
Thompson chapter
bethafox
 
Thompson chapter
Thompson chapterThompson chapter
Thompson chapter
bethafox
 
Thompson chapter
Thompson chapterThompson chapter
Thompson chapter
bethafox
 
How to be a better Manager
How to be a better ManagerHow to be a better Manager
How to be a better Manager
Dumitru Florentin
 
21 steps to develop and reinforce bisnis
21 steps to develop and reinforce bisnis21 steps to develop and reinforce bisnis
21 steps to develop and reinforce bisnis
Hart Trie
 
21 steps to develop and reinforce bisnis
21 steps to develop and reinforce bisnis21 steps to develop and reinforce bisnis
21 steps to develop and reinforce bisnis
Hart Trie
 

Similar to How Leaders Should Handle Company Downturn (20)

Remote Working in a Crisis: A Workplace Toolkit [White Paper]
Remote Working in a Crisis: A Workplace Toolkit [White Paper]Remote Working in a Crisis: A Workplace Toolkit [White Paper]
Remote Working in a Crisis: A Workplace Toolkit [White Paper]
 
Rob livingstone - Australian Payroll Association's Annual Conference May 2011
Rob livingstone  - Australian Payroll Association's Annual Conference May 2011Rob livingstone  - Australian Payroll Association's Annual Conference May 2011
Rob livingstone - Australian Payroll Association's Annual Conference May 2011
 
Canny Bites Book 4 - successfully scale up or exit your business - A BLUEPR...
Canny Bites Book 4 - successfully scale up or exit your business  -  A BLUEPR...Canny Bites Book 4 - successfully scale up or exit your business  -  A BLUEPR...
Canny Bites Book 4 - successfully scale up or exit your business - A BLUEPR...
 
People empowerment secrets
People empowerment secretsPeople empowerment secrets
People empowerment secrets
 
IPEX - `The Secrets of Success`
IPEX - `The Secrets of Success`IPEX - `The Secrets of Success`
IPEX - `The Secrets of Success`
 
A to Z of Building a Winning Team
A to Z of Building a Winning TeamA to Z of Building a Winning Team
A to Z of Building a Winning Team
 
Comment about this post.Motivators to help employees at the workpl.pdf
Comment about this post.Motivators to help employees at the workpl.pdfComment about this post.Motivators to help employees at the workpl.pdf
Comment about this post.Motivators to help employees at the workpl.pdf
 
FailSafe Business Growth eBook
FailSafe Business Growth eBookFailSafe Business Growth eBook
FailSafe Business Growth eBook
 
How to Maintain Company Morale in Times of Uncertainty.pdf
How to Maintain Company Morale in Times of Uncertainty.pdfHow to Maintain Company Morale in Times of Uncertainty.pdf
How to Maintain Company Morale in Times of Uncertainty.pdf
 
Trigger Strategies - Brand Influence and Presence - The 3 Keys to the C-Suite...
Trigger Strategies - Brand Influence and Presence - The 3 Keys to the C-Suite...Trigger Strategies - Brand Influence and Presence - The 3 Keys to the C-Suite...
Trigger Strategies - Brand Influence and Presence - The 3 Keys to the C-Suite...
 
People Empowerment Secrets.pdf
People Empowerment Secrets.pdfPeople Empowerment Secrets.pdf
People Empowerment Secrets.pdf
 
Doing Business the Emotional Way
Doing Business the Emotional WayDoing Business the Emotional Way
Doing Business the Emotional Way
 
1231-ilead-The-Hidden-Dimension-of-Business-Success copy
1231-ilead-The-Hidden-Dimension-of-Business-Success copy1231-ilead-The-Hidden-Dimension-of-Business-Success copy
1231-ilead-The-Hidden-Dimension-of-Business-Success copy
 
TSGMindset Mattersa
TSGMindset MattersaTSGMindset Mattersa
TSGMindset Mattersa
 
Thompson chapter
Thompson chapterThompson chapter
Thompson chapter
 
Thompson chapter
Thompson chapterThompson chapter
Thompson chapter
 
Thompson chapter
Thompson chapterThompson chapter
Thompson chapter
 
How to be a better Manager
How to be a better ManagerHow to be a better Manager
How to be a better Manager
 
21 steps to develop and reinforce bisnis
21 steps to develop and reinforce bisnis21 steps to develop and reinforce bisnis
21 steps to develop and reinforce bisnis
 
21 steps to develop and reinforce bisnis
21 steps to develop and reinforce bisnis21 steps to develop and reinforce bisnis
21 steps to develop and reinforce bisnis
 

More from Thierry Dentice

Edinburgh: The Best of Scotland
Edinburgh: The Best of ScotlandEdinburgh: The Best of Scotland
Edinburgh: The Best of Scotland
Thierry Dentice
 
The Philippines: The Golden Archipelago
The Philippines: The Golden ArchipelagoThe Philippines: The Golden Archipelago
The Philippines: The Golden Archipelago
Thierry Dentice
 
The Magic of the Canary Islands
The Magic of the Canary IslandsThe Magic of the Canary Islands
The Magic of the Canary Islands
Thierry Dentice
 
Top Restaurant Dishes
Top Restaurant Dishes Top Restaurant Dishes
Top Restaurant Dishes
Thierry Dentice
 
The Three Michelin Star Restaurants in the USA
The Three Michelin Star Restaurants in the USAThe Three Michelin Star Restaurants in the USA
The Three Michelin Star Restaurants in the USA
Thierry Dentice
 
5 Uniquely Themed Train Trips
5 Uniquely Themed Train Trips 5 Uniquely Themed Train Trips
5 Uniquely Themed Train Trips
Thierry Dentice
 
Master the Four Components of Influence
Master the Four Components of Influence Master the Four Components of Influence
Master the Four Components of Influence
Thierry Dentice
 
World's Busiest Airports
World's Busiest AirportsWorld's Busiest Airports
World's Busiest Airports
Thierry Dentice
 
The 15 Best Restaurants in the World
The 15 Best Restaurants in the WorldThe 15 Best Restaurants in the World
The 15 Best Restaurants in the World
Thierry Dentice
 
The Charming Cities of Andalusia
The Charming Cities of AndalusiaThe Charming Cities of Andalusia
The Charming Cities of Andalusia
Thierry Dentice
 
10 Leadership Tips
10 Leadership Tips10 Leadership Tips
10 Leadership Tips
Thierry Dentice
 
The Best Restaurant in the World Has a New Menu
The Best Restaurant in the World Has a New MenuThe Best Restaurant in the World Has a New Menu
The Best Restaurant in the World Has a New Menu
Thierry Dentice
 
6 Travel Destinations for 2015
6 Travel Destinations for 20156 Travel Destinations for 2015
6 Travel Destinations for 2015
Thierry Dentice
 

More from Thierry Dentice (13)

Edinburgh: The Best of Scotland
Edinburgh: The Best of ScotlandEdinburgh: The Best of Scotland
Edinburgh: The Best of Scotland
 
The Philippines: The Golden Archipelago
The Philippines: The Golden ArchipelagoThe Philippines: The Golden Archipelago
The Philippines: The Golden Archipelago
 
The Magic of the Canary Islands
The Magic of the Canary IslandsThe Magic of the Canary Islands
The Magic of the Canary Islands
 
Top Restaurant Dishes
Top Restaurant Dishes Top Restaurant Dishes
Top Restaurant Dishes
 
The Three Michelin Star Restaurants in the USA
The Three Michelin Star Restaurants in the USAThe Three Michelin Star Restaurants in the USA
The Three Michelin Star Restaurants in the USA
 
5 Uniquely Themed Train Trips
5 Uniquely Themed Train Trips 5 Uniquely Themed Train Trips
5 Uniquely Themed Train Trips
 
Master the Four Components of Influence
Master the Four Components of Influence Master the Four Components of Influence
Master the Four Components of Influence
 
World's Busiest Airports
World's Busiest AirportsWorld's Busiest Airports
World's Busiest Airports
 
The 15 Best Restaurants in the World
The 15 Best Restaurants in the WorldThe 15 Best Restaurants in the World
The 15 Best Restaurants in the World
 
The Charming Cities of Andalusia
The Charming Cities of AndalusiaThe Charming Cities of Andalusia
The Charming Cities of Andalusia
 
10 Leadership Tips
10 Leadership Tips10 Leadership Tips
10 Leadership Tips
 
The Best Restaurant in the World Has a New Menu
The Best Restaurant in the World Has a New MenuThe Best Restaurant in the World Has a New Menu
The Best Restaurant in the World Has a New Menu
 
6 Travel Destinations for 2015
6 Travel Destinations for 20156 Travel Destinations for 2015
6 Travel Destinations for 2015
 

Recently uploaded

From Concept to reality : Implementing Lean Managements DMAIC Methodology for...
From Concept to reality : Implementing Lean Managements DMAIC Methodology for...From Concept to reality : Implementing Lean Managements DMAIC Methodology for...
From Concept to reality : Implementing Lean Managements DMAIC Methodology for...
Rokibul Hasan
 
innovation in nursing practice, education and management.pptx
innovation in nursing practice, education and management.pptxinnovation in nursing practice, education and management.pptx
innovation in nursing practice, education and management.pptx
TulsiDhidhi1
 
All the Small Things - XP2024 Bolzano/Bozen
All the Small Things - XP2024 Bolzano/BozenAll the Small Things - XP2024 Bolzano/Bozen
All the Small Things - XP2024 Bolzano/Bozen
Alberto Brandolini
 
一比一原版(QU毕业证)皇后大学毕业证如何办理
一比一原版(QU毕业证)皇后大学毕业证如何办理一比一原版(QU毕业证)皇后大学毕业证如何办理
一比一原版(QU毕业证)皇后大学毕业证如何办理
8p28uk6g
 
Small Business Management An Entrepreneur’s Guidebook 8th edition by Byrd tes...
Small Business Management An Entrepreneur’s Guidebook 8th edition by Byrd tes...Small Business Management An Entrepreneur’s Guidebook 8th edition by Byrd tes...
Small Business Management An Entrepreneur’s Guidebook 8th edition by Byrd tes...
ssuserf63bd7
 
A comprehensive-study-of-biparjoy-cyclone-disaster-management-in-gujarat-a-ca...
A comprehensive-study-of-biparjoy-cyclone-disaster-management-in-gujarat-a-ca...A comprehensive-study-of-biparjoy-cyclone-disaster-management-in-gujarat-a-ca...
A comprehensive-study-of-biparjoy-cyclone-disaster-management-in-gujarat-a-ca...
Samirsinh Parmar
 
Project Management Infographics . Power point projet
Project Management Infographics . Power point projetProject Management Infographics . Power point projet
Project Management Infographics . Power point projet
SAMIBENREJEB1
 
Stuart Wilson the teams I have led - 2024
Stuart Wilson the teams I have led - 2024Stuart Wilson the teams I have led - 2024
Stuart Wilson the teams I have led - 2024
stuwilson.co.uk
 
Impact of Effective Performance Appraisal Systems on Employee Motivation and ...
Impact of Effective Performance Appraisal Systems on Employee Motivation and ...Impact of Effective Performance Appraisal Systems on Employee Motivation and ...
Impact of Effective Performance Appraisal Systems on Employee Motivation and ...
Dr. Nazrul Islam
 
Designing and Sustaining Large-Scale Value-Centered Agile Ecosystems (powered...
Designing and Sustaining Large-Scale Value-Centered Agile Ecosystems (powered...Designing and Sustaining Large-Scale Value-Centered Agile Ecosystems (powered...
Designing and Sustaining Large-Scale Value-Centered Agile Ecosystems (powered...
Alexey Krivitsky
 
Colby Hobson: Residential Construction Leader Building a Solid Reputation Thr...
Colby Hobson: Residential Construction Leader Building a Solid Reputation Thr...Colby Hobson: Residential Construction Leader Building a Solid Reputation Thr...
Colby Hobson: Residential Construction Leader Building a Solid Reputation Thr...
dsnow9802
 

Recently uploaded (11)

From Concept to reality : Implementing Lean Managements DMAIC Methodology for...
From Concept to reality : Implementing Lean Managements DMAIC Methodology for...From Concept to reality : Implementing Lean Managements DMAIC Methodology for...
From Concept to reality : Implementing Lean Managements DMAIC Methodology for...
 
innovation in nursing practice, education and management.pptx
innovation in nursing practice, education and management.pptxinnovation in nursing practice, education and management.pptx
innovation in nursing practice, education and management.pptx
 
All the Small Things - XP2024 Bolzano/Bozen
All the Small Things - XP2024 Bolzano/BozenAll the Small Things - XP2024 Bolzano/Bozen
All the Small Things - XP2024 Bolzano/Bozen
 
一比一原版(QU毕业证)皇后大学毕业证如何办理
一比一原版(QU毕业证)皇后大学毕业证如何办理一比一原版(QU毕业证)皇后大学毕业证如何办理
一比一原版(QU毕业证)皇后大学毕业证如何办理
 
Small Business Management An Entrepreneur’s Guidebook 8th edition by Byrd tes...
Small Business Management An Entrepreneur’s Guidebook 8th edition by Byrd tes...Small Business Management An Entrepreneur’s Guidebook 8th edition by Byrd tes...
Small Business Management An Entrepreneur’s Guidebook 8th edition by Byrd tes...
 
A comprehensive-study-of-biparjoy-cyclone-disaster-management-in-gujarat-a-ca...
A comprehensive-study-of-biparjoy-cyclone-disaster-management-in-gujarat-a-ca...A comprehensive-study-of-biparjoy-cyclone-disaster-management-in-gujarat-a-ca...
A comprehensive-study-of-biparjoy-cyclone-disaster-management-in-gujarat-a-ca...
 
Project Management Infographics . Power point projet
Project Management Infographics . Power point projetProject Management Infographics . Power point projet
Project Management Infographics . Power point projet
 
Stuart Wilson the teams I have led - 2024
Stuart Wilson the teams I have led - 2024Stuart Wilson the teams I have led - 2024
Stuart Wilson the teams I have led - 2024
 
Impact of Effective Performance Appraisal Systems on Employee Motivation and ...
Impact of Effective Performance Appraisal Systems on Employee Motivation and ...Impact of Effective Performance Appraisal Systems on Employee Motivation and ...
Impact of Effective Performance Appraisal Systems on Employee Motivation and ...
 
Designing and Sustaining Large-Scale Value-Centered Agile Ecosystems (powered...
Designing and Sustaining Large-Scale Value-Centered Agile Ecosystems (powered...Designing and Sustaining Large-Scale Value-Centered Agile Ecosystems (powered...
Designing and Sustaining Large-Scale Value-Centered Agile Ecosystems (powered...
 
Colby Hobson: Residential Construction Leader Building a Solid Reputation Thr...
Colby Hobson: Residential Construction Leader Building a Solid Reputation Thr...Colby Hobson: Residential Construction Leader Building a Solid Reputation Thr...
Colby Hobson: Residential Construction Leader Building a Solid Reputation Thr...
 

How Leaders Should Handle Company Downturn

  • 1. T H I E R R Y D E N T I C E . I N F O H O W L E A D E R S S H O U L D H A N D L E C O M P A N Y D O W N T U R N Thierry Dentice
  • 2. Effectively dealing with challenges or struggles when a business is undergoing a massive economic or structural downturn is a incredibly difficult task for leaders regardless of industry. To create and maintain long-term success, be sure to follow these steps to stabilize workflow internally, while also producing an atmosphere that is conducive to further business engagements.
  • 3.
  • 4. Along with utilizing emotional intelligence throughout these various processes, using a concept titled “strategic empathy,” allows leaders to project an interesting balance of both the individual employee and the overarching business goals. Emotional intelligence is also a key component to remember as you maintain business relationships with employees, upper management officials and employees who report directly to you.
  • 6. Even if sometimes honesty in the workplace can be frowned upon, as your company undergoes this transition, be sure to value and highlight the importance of truthful advice, thoughts, or ideas during meetings. Although you must listen at every level, the best leaders look carefully for that middle ground or middle manager that deconstruct whatever is going on internally is a great way to move forward and grow to better times.
  • 8. In addition to leaders being anxious about the company’s future, keep in mind that employees of all levels are aware of the business’ current state. While there is a huge possibility you may be experiencing a huge amount of anxiety, take a deep breath and be the role model for your team. This in turn will quell any nervousness, anxiety or doubts your employees may be experiencing.
  • 10. One mistake that many leaders fail to address properly is fix or deal with the issue before it spirals out of control. Utilizing decisiveness as a salient tool is the best way to align your verbal confirmations with intelligent, well-thought out action.
  • 12. Receiving advice from other coworkers, employees or leaders internally can be quite useful, but this information can be somewhat partial. Keeping an eye out for objective perspectives that can offer unbiased insight in this business situation can create a level of awareness to issues you may be overlooking. Peers, friends from other companies who have undergone a similar experience, and leaders in different industries can offer sound insight that has the potential of guiding your company through this difficult time.
  • 14. Another important step to take while your business is struggling is to create at atmosphere built around working towards a common goal. Establishing a common, single-focused mindset can not only appease everyone’s conscious a bit, but also augment positivity across the board. Challenges like these will test your strength, perseverance and dedication as a leader in your respective field.