Proactively Prepare To Handle Turmoil Because It Will Happen
The ultimate test of leadership occurs during times of panic and stress. When a crisis occurs the strong survive and the weak perish. Most organizations do not have a plan of action to handle a company-specific crisis. Most leaders especially do not have a plan to handle a catastrophic event that impacts an entire country, much less a global turmoil. What is your leadership plan to handle the next crisis whatever it might be?
We usually have little warning that the sucker-punch is coming. In cases where you can see the writing on the wall for trouble ahead taking proactive action is imperative. When you cannot foresee trouble then have a pre-plan to manage through it when it arises. There are steps and actions to prepare for severe organizational troubles. Buildings run fire drills to prepare for a crisis, yet businesses seldom run crisis drills. That does not make sense because the odds that a crisis will happen for businesses is much greater than the odds a fire will break out.
Use these 10 Cs of Crisis Leadership to guide your organization through it.
- Communicate Clearly Daily – Communicate Multiple Times a Day When Needed
- Calm and Confident – Poised and Focused Leadership Allows Others to Follow Suit
- Cash is King – Get All People Involved in Cash Flow Solutions
- Creativity Spawns Ingenuity – Open Up to Innovation as it’s Proven to Thrives in Crisis
- Competition Requires a Closer Eye – Know What Competitors Are Doing So Your Not Caught Off Guard Even More
- Clean Up and Catch Up – Focus Your People and Stay Busy and Productive
- Cut Wisely – Instead of Laying Off People Look At Plans of 20% Pay Cuts For All
- Customer and Community Support – Give with No Expectation of Return
- Connect Closer to Your Market – Provide Incentives To Encourage Your Market
- Celebrate Every Step Forward – Recognize Wins, Gain Momentum and Harness Positivity
C-Level Global works with leaders in good times and bad times. Not all crises are the result of a catastrophic national or global event. Companies enter into peril when they loose grip on the market, suffer cash flow disasters, or misstep in a variety of ways. There are numerous reasons organizations become engrossed by a crisis. Ultimately, leadership is responsible and must calculate and implement through the problems. Therefore, what matters most is the plan to overcome the challenges and survive. That way the business can reposition to thrive when the time is right. If you lose all your chips at the poker table and you have no more credit then they ask you to leave.
The name of the game is to remain at the poker table and stay in the fight to take the other player’s chips. Use these 10 Cs to weather the storms in business and stay at the poker table to live to win another day.
It is not a matter of if a crisis will occur, it is a matter of when it will. Prepare your management with team drills and exercises on C-Level Global’s 10 Cs of Crisis Leadership. Make plans early. Run the red team and blue team exercises. Mock simulations are key. Ideally, you should do crisis management training at least one time per year and twice a year is preferred. The mere fact your management is thinking about crises can help spot them ahead of time and prevent many of them. Those that cannot be halted will be handled with superiority when they do strike. Get ahead of bad times or bad times will get you.