Posted by: magnussonllc | August 9, 2009

6 Leadership Principles During The Recession

During the current global recession, much attention has been devoted to the mistakes that sparked the financial and economic crisis, in hopes of not repeating them. Less has been given to what’s been done well amid the turmoil—to learn, for example, how best to leadWarning2 a company through these tough times.

To contribute to that understanding, McKinsey interviewed the leaders of 14 major companies, all seasoned CEOs or chairmen, asking them to reflect on what they felt they had learned.

They came up with 6 Leadership Principles:

1. Confront Reality

2. At board meetings, put strategy center stage

3. Be transparent with employees

4. …and with investors

5. Build and protect the culture

6. Keep faith with the culture

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