Masters of Scale Strategy Session: How transparent should you be with your board? How do you boost morale in dark days? Is it time to blitzscale?
Jul 14, 2020
Linda Rottenberg, CEO and co-founder of Endeavor, shares insights on supporting entrepreneurs worldwide. She discusses the delicate balance of transparency with boards while inspiring teams, especially during tough times. The conversation highlights strategies for boosting morale and navigating leadership challenges effectively. Key topics include the importance of ethical decision-making in volatile markets and the transformational role of remote work. Linda emphasizes that in times of economic downturn, it's entrepreneurs who rise to the challenge.
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Chapters
Transcript
Episode notes
Preparing for Volatility
- Shore up your balance sheet and identify essential revenue streams early in a crisis.
- Prepare for volatility and avoid being overly optimistic or pessimistic in your predictions.
SWOT Analysis in Crisis
- Conduct a SWOT analysis to assess your strengths, weaknesses, opportunities, and threats.
- In a crisis, redo your SWOT analysis, as market conditions change, and identify potential pivots.
Balancing Opportunity and Ethics
- Balance opportunity with ethics, avoiding undue profits from vulnerable people.
- Build loyalty by showing compassion, offering free or reduced-cost products, or prioritizing those in need.