Business Leadership at a Time of Economic Crisis

At times of good economic conditions, many businesses can chug along more or less successfully because customers have confidence and people are generally not too demanding. However, when times get difficult, the whole environment changes and, all of a sudden it seems, customers are short-tempered, demanding and flighty. At the same time, suppliers start to chase payment, credit dries up and employees spend their time making contingency plans in case the whole enterprise goes belly up.

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