Learn about the common mistakes leaders make during crisis, how stress affects problem solving, the challenges women face in leadership, the psychology of luxury goods, and the significance of understanding omnichannel customers.
Engaging in avoidance behavior during times of crisis hinders effective communication and proactive crisis management.
Stress can lead to narrow thinking and less creativity, hindering problem-solving in times of crisis.
Deep dives
The mistake of avoidance behavior in times of crisis
One common mistake that many leaders make in times of crisis is engaging in avoidance behavior or denial behavior. This is because human nature leads us to disassociate ourselves from something bad or negative. Instead of facing the crisis head-on and using our time and energy to communicate effectively and address the situation, we tend to deny our involvement. This behavior hinders our ability to identify appropriate communication strategies and proactively deal with the crisis.
The impact of stress on problem solving
During times of stress or threat, people tend to exhibit something called threat rigidity. This means that they become narrow in their thinking, less creative, and more restricted in their interactions with others. This rigidity prevents effective problem solving. It is important to recognize the impact of stress on our ability to think critically and remain open to different perspectives, especially in times of crisis.
The benefits and challenges of remote work
Remote work has its benefits, such as increased efficiency, flexibility, and lower costs. However, there are also challenges. Anecdotal evidence suggests that remote work can hinder collaboration, building networks, and effective communication. Junior employees may miss out on learning through observation and receiving mentoring. Companies need to carefully consider the costs and benefits of remote work and strike a balance that ensures productivity and growth while addressing potential downsides.
In this special episode, listen to curated excerpts from this year’s Ripple Effect podcast, where Wharton professors discuss a range of trending business topics.