How to lead in times of uncertainty

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ashraf3545
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Joined: Tue Jan 03, 2023 4:30 am

How to lead in times of uncertainty

Post by ashraf3545 »

Times of uncertainty and turbulence can legitimize or remove leadership. Crises offer the perfect opportunity for managers to find their true greatness. Leadership is being tested in ways the world has not seen in generations. While the latest developments in the macroeconomic landscape are the result of unprecedented fallout from the lockdown and the war in Ukraine, for business this does not mean that companies should simply react defensively to each episode as it unfolds.

On the contrary it is essential to know how to make a difference and make the best decisions at the right time to assertively position yourself and take advantage of the next wave of recovery. Timeline showing the events with the greatest impact Email Data on the global economy from January 2020 to June 2022. (Pictured: Uncertain times since the coronavirus outbreak and the Russia vs. Ukraine war) (Credits: Statista) According to a Statista report.

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No disease outbreak has ever achieved such a severe influence on global stock markets as it does now. Worse, the rise of conflict in Europe has already claimed hundreds of lives and brought a new wave of downturn. In Brazil, a survey carried out by the Ministry of Economy points out that more than 1.410 million companies closed their doors last year . Therefore, what managers most need during this time are not predefined guidelines and frameworks on how to behave, but a versatile mindset that prevents them from acting impulsively in the face of events that have already happened and helps them to look to the future in a clear way.
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