We’ve been through one of the most difficult economic times in our country’s history—and some say that there is a glimmer of light at the end of the tunnel. Most agree we have a way to go. A valuable characteristic of managing in hard times is true, effective leadership. With more down time or slow time than usual, leaders’ roles change drastically compared to when business is booming. Leaders today have to make difficult decisions—decisions that may be uncomfortable, controversial, or even include a drastic change in not only people, but processes, in order to operate more effectively and as efficient as possible.

A leader today has to be more assertive, more direct, and have a reduced opportunity for delegation. Today’s effective leaders are not just seen at the top, but instead, at all levels of the company. Therefore, successful leaders assert different skills, particularly in challenging times. Here are a few suggestions.

Honesty

Must be open and honest at all levels and involve all employees in activities that lead to ownership and problem-solving activities. Communication needs to be elevated, showing knowledge of the industry and current events, and leveraging talent within your organization.

Day-to-Day Presence

Although it is important to continue at a high level strategically, an understanding of the current times at all levels in an organization is of great value. Continue to look at ways to improve and streamline processes and gain insight from all levels.

Optimism

Be realistic about problem-solving and do not focus on problems—instead, solutions and reward smart solutions and team members that are involved. Don’t be overly pessimistic or optimistic. Do not give a false sense of security or one of insecurity in a slow down.

Make Smart Decisions

Leaders need to make tough personnel decisions, particularly during difficult times. Be sure that changes are based upon performance and an overall contribution to the company. Develop and implement improved performance guidelines and measurement tools for evaluations, both ongoing and periodic reviews. You may be able to replace low performers with outside talent who are currently in an uncertain situation or have been laid off.

Future Watch

The economy will turn around at some point. What can you do now to position yourself for the rebound?  This is the time to enhance processes, evaluate gaps, and learn new techniques.

Do these things now and reap benefits in the long run. However, you must be willing to change.

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