People behave in contradictory ways during times of stress — like during a recession. Too many managers in too many companies become paralyzed by fear or indecision. Recessions are part of business cycles, just like growth periods. Thus, managing during a recession is part of a manager’s job — perhaps the most important part.
But what should managers do differently? The answer is “a lot,” but not “everything.” If, as a manager, you have managed through recessions before, you may remember what to do, assuming you did the right things. If not, consider this short story.
A man was walking … Read the rest