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Episode 1461:
Christine Comaford delves into five common mistakes businesses make during economic downturns, emphasizing the importance of focusing on people, not just profits. Her insights reveal how emotional intelligence and leadership agility can turn challenging times into opportunities for growth, rather than compounding difficulties.
Read along with the original article(s) here: https://smarttribesinstitute.com/five-mistakes-companies-make-during-downturns/
Quotes to ponder:
"During downturns, fear and anxiety drive most decisions, causing companies to focus too much on cost-cutting and not enough on empowering their people."
"Agile leaders who can pivot and empower their teams through emotional resilience will come out ahead, while others falter."
"It’s crucial to remember that your most valuable asset, no matter the economic climate, is your people."
Episode references:
The Lean Startup: https://www.amazon.com/Lean-Startup-Entrepreneurs-Continuous-Innovation/dp/0307887898
Emotional Intelligence 2.0: https://www.amazon.com/Emotional-Intelligence-2-0-Travis-Bradberry/dp/0974320625
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