T H I E R R Y D E N T I C E . I N F O

H O W L E A D E R S S H O U L DH A N D L E C O M P A N YD O W N T U R N

Thierry Dentice

Effectively dealing with challenges or struggleswhen a business is undergoing a massive

economic or structural downturn is a incrediblydifficult task for leaders regardless of industry. Tocreate and maintain long-term success, be sure tofollow these steps to stabilize workflow internally,

while also producing an atmosphere that isconducive to further business engagements.

Along with utilizing emotional intelligencethroughout these various processes, using a

concept titled “strategic empathy,” allows leadersto project an interesting balance of both the

individual employee and the overarchingbusiness goals. Emotional intelligence is also akey component to remember as you maintainbusiness relationships with employees, upper

management officials and employees who reportdirectly to you.

Appreciate Honesty

Even if sometimes honesty in the workplace can befrowned upon, as your company undergoes this

transition, be sure to value and highlight the importanceof truthful advice, thoughts, or ideas during meetings.

Although you must listen at every level, the best leaderslook carefully for that middle ground or middlemanager that deconstruct whatever is going on

internally is a great way to move forward and grow tobetter times.

Anxiety

In addition to leaders being anxious about thecompany’s future, keep in mind that employees ofall levels are aware of the business’ current state.

While there is a huge possibility you may beexperiencing a huge amount of anxiety, take a

deep breath and be the role model for your team.This in turn will quell any nervousness, anxiety or

doubts your employees may be experiencing.

Fix Whatever is Broken

One mistake that many leaders fail to addressproperly is fix or deal with the issue before it

spirals out of control. Utilizing decisiveness as asalient tool is the best way to align your verbalconfirmations with intelligent, well-thought out

action.

Outside Perspectives

Receiving advice from other coworkers, employees orleaders internally can be quite useful, but this

information can be somewhat partial. Keeping an eyeout for objective perspectives that can offer unbiasedinsight in this business situation can create a level ofawareness to issues you may be overlooking. Peers,

friends from other companies who have undergone asimilar experience, and leaders in different industries

can offer sound insight that has the potential of guidingyour company through this difficult time.

Collective Effort

Another important step to take while yourbusiness is struggling is to create at atmosphere

built around working towards a common goal.Establishing a common, single-focused mindsetcan not only appease everyone’s conscious a bit,

but also augment positivity across the board.Challenges like these will test your strength,

perseverance and dedication as a leader in yourrespective field.