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4 tips for leaders in the “new normal”

Chemical companies, Economic growth
By Paul Hodges on 25-Sep-2009

Last November, the blog suggested “4 tips for survival“, based on a Financial Times series on recession survival strategy. A new article this week on ‘Leadership beyond a Downturn’ provides some key tips on how to manage next steps:

• Prepare for continuing downturn, but also for some growth to return.
• Look outside to see what’s changed, don’t rely on old strategies.
• Continue to keep a close eye on cash-flow, but loosen some constraints.
• Maintain clear and honest communication, acknowledging uncertainties.