All businesses are susceptible to disasters and crises. Some are so great in scale that all are affected—the crash in 2008, COVID-19. Why do some businesses endure where others fail? Even within the same industry, there are those that fold and those that outlast the panic. There are myriad factors that contribute to this disparity, but one that cannot be overstated is the importance of strong leadership.
It is easy enough to lead in the halcyon days of economic prosperity, however, those leaders built for the storm are needed now more than ever. Not all crises are on the grand scale of a crash. Some leaders crumble when faced with a supply chain issue or a valuable team member moving on. This sliding scale of what qualifies as an emergency can crush the people who must be rock solid.
How well is your company preparing leaders at your company? Their ability to weather the hardships that will inevitably arise will determine if your business is built to last. Will your business thrive for years to come, or are you poised to fold at the first sign of a fight?
Some simple reflection can help you understand where you stand and how to improve your position.
Let’s get started!
Complete the following sentences with the answers that most closely reflect your current situation. Approach all 12 questions looking inward, and remember, there are no wrong answers.