The greatest mistake organizations make during difficult times like we are currently experiencing is to try to manage change rather than leading the process. Sometimes survival is the only critical issue and then you do whatever you have to do to stay alive.
Most of time though we look very short term and develop a bunker mentality that’s only goal is to ride out this storm until things get better. This means of course reducing expenses through personnel reductions , delays in capital investment, marketing and of course training and development. Especially, all those bad trips and conferences that congress is railing about.
Leading change recognizes the brutal facts that the fundamentals of global economics have been permanently changed. Effective leaders will use the urgency and severity of this current cycle to reposition their entire organizational culture for success in the 21st Century and beyond. The future is incredibly positive for all those who are willing to embrace it. No going back!