1. Agility: “A business plan of six months ago—or even six days ago—doesn’t matter anymore,” Murphy says. Smart leaders say, “We’re in an incredible crisis, so we’re going to take action as fast as we can to position ourselves differently and come out on top,” Murphy says.
2. Communication: It’s not just about the messages going out to analysts and shareholders. “It’s also about communicating internally,” he says. “Where are we going? Will we survive? How can we take advantage of this?”
3. Decisiveness: Even in capital-intensive manufacturing businesses that have much longer times to develop the product, you see people who must be quick with decisions—despite uncertainty about liquidity and which partners are sound.
— Adapted from “Skills leaders need in a crisis,” Erin White, The Wall Street Journal.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/8470/skills-you-need-in-a-crisis "