A while back I wrote a short piece on Fortune Telling.
Well hindsight says the negative forecast was more correct. Stock markets are plunging due to the sub-prime meltdown and other factors, the price of oil is dropping, real estate prices are dropping, there is a federal election in Canada, and a presidential race in the US.
Uncertainty is the word of the day for businesses.
It’s at times like these that leadership is truly tested. It’s easy to be a leader during good times. Everything you do is likely to turn out ok… even going with the crowd works.
During uncertainty, stress and hard decisions are part of the puzzle… but more important is how leaders deal with the stress and keep their team motivated while moving towards concrete goals.
Yup, being a leader while under pressure is a whole different game.