Like death and taxes, recessions are impossible to avoid. The key is to look at them not as doomsday scenarios but rather as opportunities to reinvent your business and strengthen your company’s culture. These insights tell you how.
Getting laid off is traumatic — but layoffs also impact company leaders and employees who survive the cuts. Leaders must be prepared to advise layoff victims, but also survivors and managers, in order to turn the corner toward recovery and rebuilding.
Change is a given. How we navigate it is not. Managers need to be prepared for times of transition and seize on them as opportunities to innovate and find new ways forward.