What strategies can leaders use to navigate and lead through times of crisis or uncertainty?
What strategies can leaders use to navigate and lead through times of crisis or uncertainty?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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What strategies can leaders use to navigate and lead through times of crisis or uncertainty?
Expert Solution
Step 1: Define strategies in leadership
The purposeful plans, techniques, and activities that leaders use to accomplish particular goals and objectives within an organization or team are referred to as strategies. These plans are created to direct the group's overall direction, resource allocation, and decision-making processes. Addressing issues, seizing opportunities, and guaranteeing the organization's long-term success and sustainability all depend on effective leadership tactics.
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