“On paper, this person was being a good leader by enacting tried-and-tested strategies to prepare for an economic downturn: becoming more hands-on and moving closer to their team…”
The Harvard Business Review article from November 2022, titled “How to Be a Good Leader in a Bad Economy,” discusses the challenges leaders face in a struggling economy and offers strategies for effective leadership.
The article suggests that the potential of a recession following the Covid-19 pandemic means that traditional strategies for managing in a downturn may no longer be effective and could even exacerbate the situation.
