{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Managing through a crisis summary

Managing through a crisis summary - . Answered by Maigread...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Managing through a crisis You mentioned all the things you learned in the downturn. Any other broad take-aways? Answered by Maigread Eichten , FRS   I reflected a lot on this when it came around this time, and I've talked a lot about this with fellow  C.E.O.'s. So the first thing you learn is that it's going to end. The sky is not falling. The sense of panic that starts to  overtake people is overplayed. So you chart a course, and you plot out kind of a worst-case, middle-case, best-case  plan. You're probably going to have to do some cost-cutting, and get that plan laid out, and then stay on strategy. This  is your reality, and that's how it is. The sky isn't falling, and you have to show calm confidence every day. Your  employees are watching your behavior. This answer originally appeared in The C.E.O. Must Decide Who Swims »   What are the most important leadership lessons you've learned? Answered by John T. Chambers , Cisco Systems   People think of us as a product of our successes. I'd actually argue that we're a product of the challenges  we faced in life. And how we handled those challenges probably had more to do with what we accomplish in life. I  learned a lesson from Jack Welch. It was in 1998, and at that time we were one of the most valuable companies in the 
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern